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Housing Starts in a Sharp Upswing

Housing Starts in a Sharp Upswing

by Phil Hall | Sep 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in August were at a rate of 992,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 15.8% above the revised July figure of 857,000. Privately-owned housing starts in August...
Office-to-Residential Conversion Adds 68 Apartments in LA Property

Office-to-Residential Conversion Adds 68 Apartments in LA Property

by Phil Hall | Sep 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Creative Media & Community Trust Corporation (NASDAQ: CMCT), a real estate investment trust, announced the conversion of the top two floors of a three-story, approximately 143,000-square-foot Los Angeles office building into 68 luxury apartment residences. Located...
California Home Sales at 7-Month Low

California Home Sales at 7-Month Low

by Phil Hall | Sep 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California home sales hit a seven-month low in August, according to new data from the California Association of Realtors (CAR). Last month, the state recorded a seasonally adjusted annualized rate of 262,050 in closed escrow sales of existing, single-family detached...
Woman Arrested for Deed Fraud on North Carolina Mansion

Woman Arrested for Deed Fraud on North Carolina Mansion

by Phil Hall | Sep 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A North Carolina woman who became the center of national attention for filing a fraudulent deed on a Raleigh mansion has been arrested. WRAL reported Dawn Mangum’s name was listed on a deed recently filed with the Wake County Register of Deeds for a property...
A Phil Hall Op-Ed: Does Kamala Harris’ Housing Plan Make Sense?

A Phil Hall Op-Ed: Does Kamala Harris’ Housing Plan Make Sense?

by Phil Hall | Sep 17, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Last Friday, Vice President Kamala Harris gave her first one-on-one interview since being installed as the Democratic Party’s presidential nominee – not with a hard-hitting nationally prominent journalist, but with a sympathetic anchorman for ABC...
Builder Confidence Inches Up

Builder Confidence Inches Up

by Phil Hall | Sep 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes inched up this month in the latest the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The September HMI reading was 41, up from 39 in August. This month’s HMI...
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