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The Power of Resilience in Real Estate: Building Success One Day at a Time

The Power of Resilience in Real Estate: Building Success One Day at a Time

by John G. Stevens | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

In the world of real estate, where every deal feels like a high-stakes game and the pressure to succeed can be overwhelming, it’s not uncommon to have days where you wonder, How do I keep going? From securing listings to closing deals, navigating the ever-changing...
Gary Gensler to Resign as SEC Chairman on Trump’s Inauguration Day

Gary Gensler to Resign as SEC Chairman on Trump’s Inauguration Day

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Gary Gensler announced he will resign as chairman of Securities and Exchange Commission (SEC) effective at 12:00 p.m. EST on Jan. 20, 2025 – the same time and day when President-elect Donald Trump will be inaugurated to start his second administration. Gensler began...
Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded higher inventory levels and an easing for median price acceleration during October, according to data from Florida Realtors. The Sunshine State had a 4.7-month supply of single-family existing homes last month, up 34.3%...
New York State Home Prices Up for 16th Straight Month

New York State Home Prices Up for 16th Straight Month

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York State soared in October as home sales continued to decline. According to data from the New York State Association of Realtors, the median price of a home statewide rose 11% last month to $415,000, up from $374,000 in October 2023. This marked...
Elon Musk’s Government Efficiency Initiative Takes Aim at Empty Office Surplus

Elon Musk’s Government Efficiency Initiative Takes Aim at Empty Office Surplus

by Phil Hall | Nov 21, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk’s new Department of Government Efficiency (DOGE) has taken aim at the surplus of vacant office properties allocated to federal agencies. The DOGE channel on X ran headline from the Washington Times that announced: “Nearly 90% of feds’ office in D.C. going to...
Mortgage Rates Rise Again

Mortgage Rates Rise Again

by Phil Hall | Nov 21, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of Nov. 21, up from last week when it averaged 6.78%. A year ago at this time, it averaged...
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