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DoorDash in Delivery Service Partnership with Lowe’s

DoorDash in Delivery Service Partnership with Lowe’s

by Phil Hall | Apr 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

DoorDash (NASDAQ: DASH) has announced it will begin to offer on-demand delivery services from more than 1,700 U.S. stores operated by Lowe’s Companies Inc. (NYSE: LOW). This partnership is DoorDash’s first foray into the home improvement category. Lowe’s products can...
Caliber Promotes Ignacio Martinez to Chief Operating Officer

Caliber Promotes Ignacio Martinez to Chief Operating Officer

by Phil Hall | Apr 1, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Caliber (NASDAQ: CWD), a real estate investor, developer and manager headquartered in Scottsdale, Arizona, has promoted Ignacio Martinez from senior vice president of operations to chief operating officer. Martinez takes over the role previously held by Jennifer...
Hits and Misses for the Real Estate Week of March 25-29

Hits and Misses for the Real Estate Week of March 25-29

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The story behind the Sitzer/Burnett case, squatters getting the boot in Florida and an iconic hotel’s demise. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 25-29. Miss: Placing Blame Elsewhere. Rhonda Burnett, a...
Virginia Home Sales Up Amid Spike in New Listings

Virginia Home Sales Up Amid Spike in New Listings

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A slew of new listings in Virginia helped to boost the state’s home sales in February, according to new data from Virginia Realtors. Last month saw 1,400 more new listings compared to one year earlier, a 16.7% upswing. This resulted in 16,004 homes on the market, a...
Biden to Change Rent Increase Cap on Some Affordable Housing Units

Biden to Change Rent Increase Cap on Some Affordable Housing Units

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden administration is planning to change the cap on how much rents can go up in some federally subsidized affordable housing complexes. The Washington Post, citing unnamed “senior administration officials,” reported the yearly rent increases in properties that...
Typical Homebuyer’s Down Payment Up 24% From a Year Ago

Typical Homebuyer’s Down Payment Up 24% From a Year Ago

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median down payment for U.S. homebuyers in February was $55,640, according to new data report from Redfin (NASDAQ: RDFN). This marks a 24.1% upswing from $44,850 one year earlier, which is the largest annual percentage increase since April 2022. Home prices rose...
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