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Two Kansas City Apartment Complexes Declare a Rent Strike

Two Kansas City Apartment Complexes Declare a Rent Strike

by Phil Hall | Oct 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kansas City is experiencing its first rent strike since 1980, with the KC Tenants union taking aim at properties that they claim to be uninhabitable. The Kansas City Star reports that union members at Independence Towers and Quality Hill Towers are withholding over...
Kansas Home Sales and Prices Forecast to Rise in 2025

Kansas Home Sales and Prices Forecast to Rise in 2025

by Phil Hall | Oct 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kansas home sales and home prices will be on the rise next year, according to the 2025 Kansas Housing Markets Forecast series published by the Wichita State University Center for Real Estate. The new forecast reported that home sales activity across Kansas stabilized...
San Francisco DMV Field Office to Become Apartment Complex

San Francisco DMV Field Office to Become Apartment Complex

by Phil Hall | Oct 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The office of California Gov. Gavin Newsom announced the redevelopment of an existing Department of Motor Vehicles (DMV) Field Office in San Francisco into an apartment complex. The current site was constructed in 1960, but it no longer complies with current health...
Kanye West’s Malibu Property, Listed at $57 Million, Sells for $21 Million

Kanye West’s Malibu Property, Listed at $57 Million, Sells for $21 Million

by Phil Hall | Oct 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Belwood Investments announced its discounted acquisition of the Malibu property of rapper Kanye West. West purchased the property in 2021 for $57 million and gained notoriety with a highly publicized but ill-fated renovation project that remained unfinished when he...
New Partnership Seeks to Create Thousands of Rental Housing Units

New Partnership Seeks to Create Thousands of Rental Housing Units

by Phil Hall | Oct 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Azora, a Spain-based global investment firm, and the Miami-based real estate investment and management corporation Advenir announced a new strategic partnership aimed at creating thousands of attainable rental housing units in key US markets. The deal creates a new,...
Mortgage Rates Record Uptick

Mortgage Rates Record Uptick

by Phil Hall | Oct 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. A year ago at this time, it averaged 7.49%. The 15-year...
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