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California’s Median Home Price Back Above $800K

California’s Median Home Price Back Above $800K

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California statewide median home price climbed above the $800,000 level for the first time in six months during April, according to data from the California Association of Realtors (CAR). Last month’s $815,340 median home price was up by 3% from March’s...
Jeremy Hoffman Named CFO at Zillow Group

Jeremy Hoffman Named CFO at Zillow Group

by Phil Hall | May 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Seattle-headquartered Zillow Group Inc. (NASDAQ: Z, ZG) has promoted Jeremy Hofmann to chief financial officer (CFO). Hofmann joined Zillow Group nearly six years ago and most recently served as senior vice president of corporate development and strategy. Prior to...
Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

When dog owners are looking for a new apartment, they are less concerned about their needs and more focused on whether their potential residence will accommodate their four-legged companions. According to a survey by Cortland, the multifamily...
Home Sales Continue to Plummet in New York State

Home Sales Continue to Plummet in New York State

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed home sales in New York State fell by 29.6% year-over-year in April, according to new data from the New York State Association of Realtors (NYSAR). April’s 6,944 completed transactions paled in comparison to the 9,857 closed sales in April 2022. Pending sales...
Disney Cancels $1 Billion Real Estate Project in Florida

Disney Cancels $1 Billion Real Estate Project in Florida

by Phil Hall | May 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The ongoing feud between the Walt Disney Co. (NYSE:DIS) and Florida Gov. Ron DeSantis took a dramatic turn with the entertainment giant pulling the plug on one of the biggest commercial real estate deals within the Sunshine State. The New York Times reported that...
Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene

Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene

by Phil Hall | May 18, 2023 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Fans of Joni Mitchell will remember this chorus of her classic tune “Big Yellow Taxi”:  Don’t it always seem to go / That you don’t know what you got ’til it’s gone? / They paved paradise, put up a parking lot. The message of that golden oldie...
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