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Manhattan’s Rental Market Breaks New Price Record

Manhattan’s Rental Market Breaks New Price Record

by Phil Hall | Jun 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Manhattan’s rental housing market set new records in May with rents averaging $4,571, up 1.6% month-over-month and up 7.6% year-over-year, according to data from the brokerage Douglas Elliman Inc. (NYSE: DOUG). May was the third time in the past four months when...
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 25,000-square-foot retail property in Jamison, Pennsylvania, has been sold for $12.17 million. The property, located at the intersection of Route 263 and York Road, is occupied by a Wawa convenience store and gas station and a Tractor Supply center. The site also...
Builder Confidence Sinks to Lowest Level Since December 2022

Builder Confidence Sinks to Lowest Level Since December 2022

by Phil Hall | Jun 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder sentiment sank this month to its lowest reading since December 2022 and its third lowest since 2012. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built...
Mortgage Applications for New Home Purchases Down in May

Mortgage Applications for New Home Purchases Down in May

by Phil Hall | Jun 17, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in May was down by 4.5% compared to one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month basis, applications decreased by 9%. MBA estimated that new single-family home sales...
Canadian Housing Starts Mostly Flat in May

Canadian Housing Starts Mostly Flat in May

by Phil Hall | Jun 17, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The seasonally adjusted annual rate for housing starts in Canada was down by a scant 0.2% in May, with 279,510 units compared to the 280,181 units in April. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 9%...
Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles

Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles

by Phil Hall | Jun 17, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A realtor in Baton Rouge, Louisiana, was sentenced to two years in prison after pleading guilty to two counts of indecent behavior with juveniles. KPEL-FM reports Devin Triche was arrested in July 2024 on 100 counts of child porn and two counts of sexual abuse of an...
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