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Redfin: Median Sales Price Hits New Record High

Redfin: Median Sales Price Hits New Record High

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by Redfin (NASDAQ:RDFN) tracking the four weeks ending June 30 has placed the median sales price at $397,954, an all-time high. This price is up 4.9% from one year ago, marking the largest annual increase since March. During the same period, the...
Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’

Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’

by Phil Hall | Jul 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data analysis by CoworkingCafe titled “America’s Boomtowns: Top Cities for Economic Growth” has named two Arizona localities and an Idaho municipality as the nation’s leaders for commercial activity and quality of life. This new analysis...
Person of the Week: Paul Bernard, President and CEO of Affordable Homes & Communities

Person of the Week: Paul Bernard, President and CEO of Affordable Homes & Communities

by Phil Hall | Jul 3, 2024 | News/Current Events, Person of the Week, Real Estate News, WRE News Exclusive

In this edition of Person of the Week, our spotlight shines on Paul Bernard, president and CEO of Affordable Homes & Communities, a nonprofit affordable housing developer in the Greater Washington, D.C. Metro Area, and an adjunct professor of urban and regional...
US Home Affordability Continued to Fray During Q2

US Home Affordability Continued to Fray During Q2

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the second quarter compared to historical averages in 99% of counties around the nation, according to new data from ATTOM, which also found that major expenses on median-priced homes consumed...
UAE Developer to Tokenize $500 Million in Real Estate Assets

UAE Developer to Tokenize $500 Million in Real Estate Assets

by Phil Hall | Jul 3, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Mantra, an institutional-grade Layer 1 Blockchain for real world assets, has announced a strategic partnership with MAG, a United Arab Emirates-based developer with a real estate portfolio valued at over $5 billion. According to the companies, Mantra’s blockchain...
Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

by Phil Hall | Jul 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Four Ontario landlords were ordered by a Superior Court justice to turn over control of their real estate operations to a court-appointed monitor following accusations they misused roughly $144 million in investor money for lavish personal lifestyle purposes while...
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