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‘Home Alone’ House Listed for $5.25 Million

‘Home Alone’ House Listed for $5.25 Million

by Phil Hall | May 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The suburban Chicago house that was used as the setting of the 1990 comedy film classic “Home Alone” has been listed for sale at $5.25 million. The Wall Street Journal reported the redbrick Georgian residence in Winnetka, Illinois, still attracts fans of the movie who...
Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
European Central Bank Readies for Rate Cut Next Week

European Central Bank Readies for Rate Cut Next Week

by Phil Hall | May 28, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Hits and Misses for the Real Estate Week of May 20-24

Hits and Misses for the Real Estate Week of May 20-24

by Phil Hall | May 24, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

by Phil Hall | May 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical American family needs to spend 38% of its household income to make a mortgage payment on a median priced new single-family home, according to the latest quarterly Cost of Housing Index data from the National Association of Home Builders (NAHB). For...
New Listings in Virginia Up by Nearly 20%

New Listings in Virginia Up by Nearly 20%

by Phil Hall | May 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 9,416 homes were sold in Virginia during April, an increase of 1,164 units or 14.1% more than one year earlier, according to data from Virginia Realtors. The growth in sales was powered by a 19.1% year-over-year increase in new listings, the highest upswing...
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