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Hits and Misses for the Real Estate Week of Feb. 5-9

Hits and Misses for the Real Estate Week of Feb. 5-9

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An XXL-large listing price, Janet Yellen’s not-calming words and an unlikely exodus of Gen Zers into California. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 5-9. Hit: Will History Be Made in Florida? The most...
Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), has recruited Jeff Wagner as senior managing director of capital markets in Toronto. Wagner brings over 20 years of commercial real estate experience, which includes closing over $2 billion in debt...
NAR: ‘Cooperative Compensation is Good for Consumers’

NAR: ‘Cooperative Compensation is Good for Consumers’

by Phil Hall | Feb 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) took another push back at last October’s verdict in the Sitzer/Burnett case, arguing that the verdict was fueled with “erroneous rulings by judge” while insisting the cooperative compensation issue raised in the trial is not...
Redfin: Asking Rents Flattened in January

Redfin: Asking Rents Flattened in January

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. asking rent rose 1.1% year-over-year to $1,964 in January, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual increase since March 2023. On a month-over-month basis, the asking rent level remained unchanged. However, Redfin...
Why Are So Many Gen Zers Moving to California?

Why Are So Many Gen Zers Moving to California?

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There has been no shortage of news and talk regarding outbound migration from California, but a new Zillow (NASDAQ:Z, ZG) analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) has found Gen Z interstate movers are flocking to the Golden...
Affordable Homeownership in California Remains at Historic Low

Affordable Homeownership in California Remains at Historic Low

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California households during the fourth quarter of 2023 were able to afford the state’s $833,170 median-priced home, according to new data from the California Association of Realtors (CAR). This was unchanged from the third quarter 2023 (when the...
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