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Hedge Fund Executive Lists Private Connecticut Island for $35 Million

Hedge Fund Executive Lists Private Connecticut Island for $35 Million

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

An executive with the world’s largest hedge fund has listed his private island off the Connecticut coast for $35 million. The Wall Street Journal reported Greg Jensen, co-chief investment officer at the Ray Dalio-founded Bridgewater Associates, is seeking a buyer for...
National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

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

The National Apartment Association (NAA) has taken President Biden to task for his recent remarks regarding the state of rental housing. During his State of the Union speech in March, Biden boasted that his administration was working to lower rents that were being...
Hits and Misses for the Real Estate Week of May 27-31

Hits and Misses for the Real Estate Week of May 27-31

by Phil Hall | May 31, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new scholarship program for aspiring teen real estate professionals, the CFPB’s digging for “junk fees” and interest rate cuts across the Atlantic. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 27-31. Hit: Educating...
More Renters Are Staying Put Longer

More Renters Are Staying Put Longer

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found one in six renters (16.6%) stayed in their home for 10 years or more in 2022, up from 13.9% one decade earlier. Furthermore, one in six (16.4%) renters lived in their home for five to nine years in 2022, up from 14% a...
Most Homebuyers Are Not Shopping Around for a Mortgage

Most Homebuyers Are Not Shopping Around for a Mortgage

by Phil Hall | May 31, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Most homebuyers do not shop around when considering a mortgage, according to a new data study from LendingTree (NASDAQ:TREE). In a survey of 2,001 U.S. consumers, over half of the respondents (54%) who took out a mortgage for their most recent home purchase only got...
Groundbreaking at Austin-Area Micro-Home Rental Community

Groundbreaking at Austin-Area Micro-Home Rental Community

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The developer Casata recently hosted a groundbreaking ceremony to launch Casata San Marcos, a 210-unit micro-home rental community located within the greater Austin Metropolitan area in San Marcos, Texas. The development of Casata San Marcos follows the builder’s...
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