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Median Rent Prices Down for Eighth Consecutive Month

Median Rent Prices Down for Eighth Consecutive Month

by Phil Hall | Apr 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median rent prices inched down by 0.3% year-over-year in March, according to new data from Realtor.com. This marked the eighth consecutive month of declines in year-over-year prices. Nonetheless, the median rent of $1,722 was only $36 less than the peak seen in August...
East Chop Capital Closes Fund Focused on Luxury Vacation Rental Homes

East Chop Capital Closes Fund Focused on Luxury Vacation Rental Homes

by Phil Hall | Apr 30, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The private equity firm East Chop Capital announced the $11 million closure of its Fund II, which focuses exclusively on luxury vacation rental homes. According to the company, Fund II drew equity investments from 93 LPs, including Liberty Financial Services....
Bryan Cranston Lists NYC Apartment for $3.5 Million

Bryan Cranston Lists NYC Apartment for $3.5 Million

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“Breaking Bad” star Bryan Cranston has listed his co-op apartment on Manhattan’s Central Park South or $3.495 million. The Wall Street Journal reports Cranston acquired the apartment for $3.1 million in 2017 when he relocated to New York City to appear in the Broadway...
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The coworking company WeWork (OTCMKTS: WEWKQ) announced the securing of $450 million in new funding that will fuel its exit from Chapter 11 bankruptcy. The property management software provider Yardi Systems is taking a 60% stake in WeWork through its subsidiary Cupar...
First American: Overvalued Housing Market Squashes Affordable Homeownership

First American: Overvalued Housing Market Squashes Affordable Homeownership

by Phil Hall | Apr 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s top 50 metro markets are overvalued, which is fueling the continued lack of affordable homeownership opportunities, according to the latest Real House Price Index (RHPI) data from First American Data & Analytics, a division of First...
A Phil Hall Op-Ed: Another Postage Rate Hike?

A Phil Hall Op-Ed: Another Postage Rate Hike?

by Phil Hall | Apr 29, 2024 | A Phil Hall Op-Ed, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: There is a quip, incorrectly attributed to Albert Einstein, that says, “Insanity is doing the same thing over and over again and expecting different results.” A prime example of that foolishness in motion can be seen at the U.S. Postal Service...
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