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Survey: Most People Earning Under $50,000 Struggle to Afford Housing

Survey: Most People Earning Under $50,000 Struggle to Afford Housing

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

Nearly three-quarters (74%) of US residents who earn less than $50,000 per year report struggling to cover their mortgage or rent payments, according to a new survey from Redfin (NASDAQ: RDFN). From the 1,802 people polled for the survey, nearly one-quarter (24%) said...
Hits and Misses for the Real Estate Week of Nov. 11-15

Hits and Misses for the Real Estate Week of Nov. 11-15

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
Redfin CEO to Trump: We Need More Homes Now!

Redfin CEO to Trump: We Need More Homes Now!

by Phil Hall | Nov 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Glenn Kelman, the CEO of Redfin (NASDAQ: RDFN), has a message for President-elect Donald Trump: Start powering the push for new home construction. Neither Kelman nor Redfin publicly endorsed Trump’s campaign. But in a blog posting on the Redfin website titled...
RE/MAX: Home Sales Jumped in October

RE/MAX: Home Sales Jumped in October

by Phil Hall | Nov 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales during October recorded a 6.7% increase from September and an 8.4% year-over-year rise, according to new data from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). On a year-to-date measurement, RE/MAX reported 2024’s home sales exceeded 2023...
myCUmortgage in New Partnerships with Six Credit Unions

myCUmortgage in New Partnerships with Six Credit Unions

by Phil Hall | Nov 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

myCUmortgage, a wholly owned Credit Union Service Organization of Wright-Patt Credit Union in Beavercreek, Ohio, has announced partnerships with six credit unions that will enable these nonprofit financial institutions to expand their home loan services offerings. The...
NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords

NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords

by Phil Hall | Nov 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York City Council passed a bill that will change the responsibility for broker fees from the renter tenant to the landlord. According to combined media reports, the legislation dubbed the Fairness in Apartment Rental Expenses (FARE) Act, requires landlords to...
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