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A Phil Hall Op-Ed: The Diminished Importance of the HUD Secretary Role

A Phil Hall Op-Ed: The Diminished Importance of the HUD Secretary Role

by Phil Hall | Nov 18, 2024 | Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: When President Lyndon B. Johnson signed the Housing and Urban Development Act of 1965, he called it “the single most important breakthrough” in federal housing policy since the 1920s. In concept, the legislation’s key focus – the creation of the...
Grant Cardone Considers Run for California Governor

Grant Cardone Considers Run for California Governor

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

High-profile real estate investor Grant Cardone is publicly considering the possibility of running for governor of California in 2026. Cardone is the founder of multiple companies including 10X Studios, Cardone Ventures and 10X Health System, and a co-founder/investor...
NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

by Phil Hall | Nov 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The New York Times (NYSE: NYT) has published another investigative report into the National Association of Realtors (NAR), this time examining the financial benefits enjoyed by its executive leadership. Under the headline “Chauffeured Cars and Broadway Tickets: Inside...
Builder Confidence Up for Third Straight Month

Builder Confidence Up for Third Straight Month

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) found builder confidence in the market for newly built single-family homes at a 46 level in November, up three points from October. This marked the third consecutive month...
FHFA Raises Multifamily Loan Purchase Cap for GSEs

FHFA Raises Multifamily Loan Purchase Cap for GSEs

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) is raising the multifamily loan purchase cap for the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) to $73 billion each, a 4% year-over-year increase. Multifamily loans that...
Survey: Most People Earning Under $50,000 Struggle to Afford Housing

Survey: Most People Earning Under $50,000 Struggle to Afford Housing

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly three-quarters (74%) of US residents who earn less than $50,000 per year report struggling to cover their mortgage or rent payments, according to a new survey from Redfin (NASDAQ: RDFN). From the 1,802 people polled for the survey, nearly one-quarter (24%) said...
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