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New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Steadfast LA, the new nonprofit organization founded by developer and former mayoral candidate Rick Caruso to help in the recovery efforts across fire-ravaged Los Angeles County, is partnering with the prefab-home construction company Samara to provide new houses for...
CAPREIT Expands into Student Housing Sector with Florida Acquisition

CAPREIT Expands into Student Housing Sector with Florida Acquisition

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CAPREIT (OTCMKTS: CDPYF) (TSX: CAR.UN), a Toronto-headquartered real estate investment trust focused on multifamily assets, has ventured into the student housing sector with its acquisition of Coastal Village, a 200-home, 800-bed student housing community in south...
Existing Home Sales Down by Nearly 5%

Existing Home Sales Down by Nearly 5%

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank in January by 4.9% from December to a seasonally adjusted annual rate of 4.08 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales inched up by 2.0% from 4 million in January 2024....
The Most Expensive US Home Listing Is…

The Most Expensive US Home Listing Is…

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wealthy homebuyers in search of ultra-luxury property should focus on the coastal Florida and Southern California markets, according to a new data report from Redfin (NASDAQ: RDFN). The regional dominance of Florida and California in the ultra-luxury sector might be...
CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform

CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform

by Phil Hall | Feb 21, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CoStar Group (NASDAQ: CSGP) has made a $1.69 billion all-cash offer to acquire Domain Holdings, the prominent Australian real estate marketplace companies. Business News Australia reports Australia’s Foreign Investment Review Board (FIRB) would need to approve...
CBRE Forecasts Strong Year for US Hotel Industry

CBRE Forecasts Strong Year for US Hotel Industry

by Phil Hall | Feb 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE: CBRE) is predicting a vibrant 2025 for the US hotel industry with a new forecast that expects revenue per available room (RevPAR) to enjoy steady growth throughout the year. CBRE is forecasting a 2.0% increase in RevPAR growth this year, with occupancy...
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