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Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing

Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing

by Phil Hall | Aug 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One year after putting his longtime home in New York’s Shelter Island on the market, comedian Louis CK is listing it again at a significant discount. Realtor.com reports the home is now being offer for $4.3 million, which is less than half of the $9.25 million...
Hits and Misses for the Real Estate Week of Aug. 4-8

Hits and Misses for the Real Estate Week of Aug. 4-8

by Phil Hall | Aug 8, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 4-8. Miss: A Message from a Kook. The...
Apartment Rent Growth Continues to Slow

Apartment Rent Growth Continues to Slow

by Phil Hall | Aug 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Apartment rent growth slowed during July with the national average holding at $1,717, unchanged from June. According to data from Apartments.com, a marketplace of CoStar Group (NASDAQ: CSGP), July marked the sixth straight month of flat or negative monthly growth....
Price Premium for New Construction Drops to Record Low

Price Premium for New Construction Drops to Record Low

by Phil Hall | Aug 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The price premium for new construction compared to existing homes dropped to a record low of 7.8% during the second quarter, according to new data from Realtor.com. The median list price for a newly built home in the second quarter was $450,797, essentially flat from...
Multifamily Developer Confidence Up Slightly During Q2

Multifamily Developer Confidence Up Slightly During Q2

by Phil Hall | Aug 7, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Multifamily developers expressed increased a slightly higher degree of confidence in their market during the second quarter, according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
Mortgage Rates Decline to Lowest Level Since April

Mortgage Rates Decline to Lowest Level Since April

by Phil Hall | Aug 7, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
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