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Study: Maui Wildfires Survivors Face Higher Rents, Deeper Poverty

Study: Maui Wildfires Survivors Face Higher Rents, Deeper Poverty

by Phil Hall | Oct 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The impact of the August 2023 Maui wildfires continues to resonate as a new study has found the number of households living below the poverty line has more than doubled since devastation occurred. The University of Hawaii Economic Research Organization (UHERO)...
Moscow’s Luxury Housing Market Sales Hits Record High

Moscow’s Luxury Housing Market Sales Hits Record High

by Phil Hall | Oct 9, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Moscow’s luxury housing market recorded a record-breaking $1.8 billion in sales during the first nine months of this year. According to a report from the Russian business news site Vedomosti citing data from the real estate firm NF Group, 1,270 luxury apartments were...
New Coalition Seeks to Address Racial Disparities in Homeownership

New Coalition Seeks to Address Racial Disparities in Homeownership

by Phil Hall | Oct 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 14 trade associations, financial institutions and government-sponsored enterprises have joined forces to create the Convergence Collaboration, a new endeavor designed to address the issues that contribute to racial disparities in homeownership. Over the...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Oct 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the week ending Oct. 4, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one...
Las Vegas’ Iconic Tropicana Hotel is Demolished

Las Vegas’ Iconic Tropicana Hotel is Demolished

by Phil Hall | Oct 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the most iconic lodging destinations on the Las Vegas Strip disappeared into rubble this morning as the Tropicana Hotel was taken down in a demolition implosion. The hotel’s two towers were brought down by Controlled Demolition Inc. at 2:37 a.m. PDT. The...
Forecast: Utah to Add Over 500,000 New Residents in the Next 10 Years

Forecast: Utah to Add Over 500,000 New Residents in the Next 10 Years

by Phil Hall | Oct 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The next 10 years could be a very busy time for real estate agents in Utah – a new forecast from the Kem C. Gardner Policy Institute at the University of Utah is projecting a population boom in the state from 3.5 million to 4 million residents between now and 2033, an...
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