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544-Unit Multifamily Community in Marina del Rey Sells for $170 Million

544-Unit Multifamily Community in Marina del Rey Sells for $170 Million

by Phil Hall | Aug 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Shores, a prominent 544-unit multifamily community in Marina del Rey, California, was sold for $170 million. The property was sold to affiliates of Jackson Square Properties by Shores LLC, with the law firm Cox, Castle & Nicholson LLP serving as counsel to the...
Frank Lloyd Wright’s Only Tennessee Home Sells for $4 Million

Frank Lloyd Wright’s Only Tennessee Home Sells for $4 Million

by Phil Hall | Aug 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The only Tennessee home designed by the iconic architect Frank Lloyd Wright has sold for $4 million after being listed at $1.6 million. Local3News.com reports the buyers were an unnamed Nashville couple. The 1,784-square-foot Chattanooga-based Usonian residence was...
Judge Blocks Rollout of NYC Mayor Mamdani’s Pied-à-Terre Tax

Judge Blocks Rollout of NYC Mayor Mamdani’s Pied-à-Terre Tax

by Phil Hall | Aug 10, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani’s pied-à-terre tax has been blocked by a Staten Island judge following a lawsuit filed by homeowners who alleged the tax rollout was improperly handled. The tax is designed to target the owners of luxury second homes – condominiums...
FHFA’s Pulte: Homebuilders Could Face ‘Appropriate Action’ for Not Creating Starter Homes

FHFA’s Pulte: Homebuilders Could Face ‘Appropriate Action’ for Not Creating Starter Homes

by Phil Hall | Aug 10, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Federal Housing Finance Agency Director is threatening the homebuilder industry with “appropriate action” for not creating starter homes. In a post on his personal X account, Pulte cited an analysis from the investment banking advisory firm Evercore that said,...
Mortgage Holder Equity at Record-High $18 Trillion

Mortgage Holder Equity at Record-High $18 Trillion

by Phil Hall | Aug 10, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage holder equity reached $18 trillion for the first time on record while annual home price growth reached a 14-month high in July, according to the August 2026 Mortgage Monitor Report Intercontinental Exchange Inc. (NYSE: ICE). “Mortgage holder equity...
The Housing Market with the Hottest ZIP Code Is…

The Housing Market with the Hottest ZIP Code Is…

by Phil Hall | Aug 10, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In case you’re wondering which housing market has the “Hottest ZIP Code,” Realtor.com has the answer. Based on data compiled between January and June, Realtor.com created its rankings based on an algorithm that considers market demand as measured by unique viewers per...
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