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New Bipartisan Effort to Upgrade Affordable Housing Credit Program

New Bipartisan Effort to Upgrade Affordable Housing Credit Program

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bipartisan initiative in the US House of Representatives has reintroduced the Affordable Housing Credit Improvement Act, with the goal of financing the development of nearly 2 million affordable homes. The new version of the legislation seeks to increase the...
Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns

Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Three years after a New York City law created an unofficial block on short-term rentals, Airbnb (NASDAQ: ABNB) has launched a new effort to influence candidates in this year’s municipal elections with campaign donations. The Gothamist reports the company’s Affordable...
Toronto Office Building to Become Loft-Style Residential Property

Toronto Office Building to Become Loft-Style Residential Property

by Phil Hall | Apr 11, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Amexon Development Corporation has unveiled e-lofts, a new rental community designed for contemporary loft-style living. According to the company, e-lofts will transform an existing 15-story Toronto office building into a residential property. The...
Penthouse in World’s Tallest Building Listed for $51 Million

Penthouse in World’s Tallest Building Listed for $51 Million

by Phil Hall | Apr 11, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A penthouse atop the world’s tallest building has been listed for $51 million. Elle Décor reports the 107th and 108th floors of the Burj Khalifa are approximately 1,300 feet above the streets of Dubai. The 21,000-square-foot unit has floor-to-ceiling glass walls...
Zillow Bans Private Listings from Platform

Zillow Bans Private Listings from Platform

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ: Z, ZG) has announced it is enacting the National Association of Realtors’ (NAR) Clear Cooperation Policy with “new standards for listing transparency” that bans private listings from its platform. According to the Seattle-headquartered company, the new...
Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%

Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 22,021 homes went under contract in March across the Mid-Atlantic market serviced by Bright MLS, which reflects a 39.5% month-over-month upswing. On a year-over-year basis, pending sales were up 2.8%. There were 24,654 new listings coming onto the market...
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