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Flood Museum Closed Due to Flooding

Flood Museum Closed Due to Flooding

by Phil Hall | Jan 30, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Pennsylvania museum focused on a historic flood was forced to close indefinitely because its building was flooded. WJAC.com reports the Johnstown Flood Museum experienced a valve failure on the building’s third floor, with water pouring through the walls. The...
Trump Blames Powell’s Fed for ‘Problem They Created with Inflation’

Trump Blames Powell’s Fed for ‘Problem They Created with Inflation’

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump resumed his public dissatisfaction with Federal Reserve Chairman Jerome Powell after yesterday’s decision by the central bank not to lower the federal funds rate. In a posting on Truth Social, Trump declared, “Because Jay Powell and the Fed failed to...
Realtors Relief Foundation Allocates $1 Million to Support Wildfires Victims

Realtors Relief Foundation Allocates $1 Million to Support Wildfires Victims

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The nonprofit Realtors Relief Foundation (RRF) has provided a $1 million grant to the California Association of Realtors for disaster relief support of the families impacted by recent Los Angeles County wildfires. All donations to RRF made through Feb. 7 will go...
San Diego Halts Issuance of Housing Vouchers

San Diego Halts Issuance of Housing Vouchers

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The San Diego Housing Commission has halted the issuance of Section 8 vouchers, citing a lack of federal funding to cover current and future commitments. KPBS reports the commission announced it would not be able to issue project-based vouchers for several years. The...
Christie’s International Real Estate Opens Hong Kong Franchise

Christie’s International Real Estate Opens Hong Kong Franchise

by Phil Hall | Jan 30, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate has expanded its Asian presence with the launch of Christie’s International Real Estate Hong Kong. The new venture is led by Hong Kong native Samson Law, whose more than three decades of local real estate experience includes the...
Federal Reserve Opts to Hold Rates Steady

Federal Reserve Opts to Hold Rates Steady

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve announced it will not cut rates today, maintaining the target range for the federal funds rate at 4.25% to 4.5%. “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will...
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