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Single-Family Housing Starts Jump by 11.6%

Single-Family Housing Starts Jump by 11.6%

by Phil Hall | Mar 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in February were at a rate of 1.12 million, according to new data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. This is 11.6% above the revised January figure of 1.01 million. Privately‐owned housing...
A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

by Phil Hall | Mar 18, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Following Friday’s announcement of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Barnett lawsuit and its pledge to change its commission structure in the home sale process, a lot of people had the overwhelming urge to voice their...
Builder Confidence at Highest Level in Eight Months

Builder Confidence at Highest Level in Eight Months

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes climbed three points to 51 in March, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This is the highest level since July 2023, as...
Canadian Video Marketing Platform Roomvu Expands to US Market

Canadian Video Marketing Platform Roomvu Expands to US Market

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Roomvu, a Vancouver-headquartered video marketing platform for Canadian residential real estate agents and brokerages, is expanding into the U.S. in partnership with Leading Real Estate Companies of the World (LeadingRE), Realty One, and a network of enterprise and...
ElmTree Funds Launches Two Industrial Property-Focused REITs

ElmTree Funds Launches Two Industrial Property-Focused REITs

by Phil Hall | Mar 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

ElmTree Funds, a St. Louis-based private equity real estate firm focused on the commercial real estate net-lease sector, announced the launch of two perpetual-life real estate investment trusts (REITs) to acquire and manage a diversified portfolio of U.S. net lease...
Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Billionaire tech investor Marc Andreesen has listed his mansion in the ultra-upscale town of Atherton, California for $33.3 million. The Wall Street Journal reported that Andreessen – who co-founded Netscape and whose venture-capital firm Andreessen Horowitz were...
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