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NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chairman of the National Association of Home Builders (NAHB) criticized President Biden for invoking the Defense Production Act to boost production of electric heaters as part of the administration’s efforts to rid the housing market of gas heating appliances....
Janover Acquires SaaS Platform for Commercial Property Sector

Janover Acquires SaaS Platform for Commercial Property Sector

by Phil Hall | Nov 20, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Janover Inc. (NASDAQ: JNVR), an AI-enabled B2B fintech marketplace connecting commercial property borrowers and lenders, has acquired Groundbreaker Technologies Inc., a Software-as-a-Service (SaaS) platform for commercial property professionals to raise equity capital...
Sales Flat, Prices Up in California’s Housing Market

Sales Flat, Prices Up in California’s Housing Market

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,770 in October, according to new data from the California Association of Realtors (CAR). This is up by a mild 0.3% from the 240,940...
Rental Housing Properties Seek to Attract Tenants with Increased Concessions

Rental Housing Properties Seek to Attract Tenants with Increased Concessions

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Concessions for prospective tenants in rental housing are at their highest level in more than two years, according to data from Zillow Group (NASDAQ:Z, ZG). In an analysis of Zillow-advertised rental listings in October, roughly 30% included some sort of concessions....
Tredway Acquires Affordable Housing Portfolio in North Carolina

Tredway Acquires Affordable Housing Portfolio in North Carolina

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tredway, a New York City-headquartered affordable and mixed-income real estate developer, has acquired a 12-property portfolio across North Carolina. The portfolio consists of 630 affordable apartments for families and seniors in 11 localities. As a result of the...
Private Island in San Francisco Bay Listed for $25 Million

Private Island in San Francisco Bay Listed for $25 Million

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The only private island located in San Francisco Bay is being listed for $25 million. The Wall Street Journal reported the six-acre Red Rock Island near the Richmond-San Rafael Bridge north of San Francisco is zoned for residential use. The vacant island lacks...
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