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Realtor.com: Rent Prices Down 1% in June

Realtor.com: Rent Prices Down 1% in June

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. residential rent prices were down 1% year-over-year in June, according to new data from Realtor.com. June marked the first year-over-year decrease in rent for one-bedroom units since 2020, following the first such drop in rent for two-bedroom units in May....
Home Prices Up Again in Latest Case-Shiller Report

Home Prices Up Again in Latest Case-Shiller Report

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home prices were up for the fourth consecutive month in May, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index. Before the seasonal adjustment, the U.S. National Index posted a 1.2% month-over-month increase in May, while the...
High-Earning Households Exiting California and New York

High-Earning Households Exiting California and New York

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High-earning American households are saying farewell to California and New York and relocating to Florida and Texas, according to a new study from SmartAsset. For this study, SmartAsset examined the inflow and outflow of tax filers making at least $200,000 in each...
Forest Service Acknowledges Causing 2022 Cerro Pelado Wildfire

Forest Service Acknowledges Causing 2022 Cerro Pelado Wildfire

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The sprawling Cerro Pelado wildfire that encompassed more than 60 square miles in the spring of 2022 and nearly reached Los Alamos was not caused by climate change, but by the U.S. Forest Service during a prescribed burn that went awry. According to an Associated...
A Phil Hall Op-Ed: Is Housing to Blame for Climate Change?

A Phil Hall Op-Ed: Is Housing to Blame for Climate Change?

by Phil Hall | Jul 24, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Earlier this month, Housing and Urban Development (HUD) Secretary Marcia Fudge was in Japan for the G7 Sustainable Urban Ministers’ Meeting. During this event, she signed a Memorandum of Cooperation (MOC) with her Japanese counterparts that (according to the HUD...
Rithm Capital Buys Sculptor Capital Management for $639 Million

Rithm Capital Buys Sculptor Capital Management for $639 Million

by Phil Hall | Jul 24, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Rithm Capital Corp. (NYSE: RITM), a New York City-based asset manager focused on the real estate and financial services industries, announced it is acquiring Sculptor Capital Management Inc. (NYSE: SCU), a global alternative asset manager with $34 billion in assets...
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