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California Home Sales at Five-Month High

California Home Sales at Five-Month High

by Phil Hall | Aug 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in California totaled a seasonally adjusted annualized rate of 279,810 in July, a 3.6% increase from June and a 4.1% boost from one year ago, according to new data from the California Association of Realtors (CAR). July’s total marked a five-month high...
Arizona BTR Developer Cavan Companies Expands into Omaha Market

Arizona BTR Developer Cavan Companies Expands into Omaha Market

by Phil Hall | Aug 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cavan Companies, an Arizona-based build-to-rent (BTR) developer, has expanded into the Omaha, Nebraska, market with the development of The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake. According to the company, the new developments are upscale detached...
Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) offered cautious praise for Vice President Kamala Harris’ focus on the challenges facing housing affordability, expressing satisfaction that she is speaking about the subject but warning that some of her ideas would...
Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The controversy surrounding the last home where Marilyn Monroe lived took a new twist as the Los Angeles City Council voted to restrict tour buses from operating or traveling on streets near the property. According to a Westside Current report, the council’s 13-0 vote...
Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s Affordable Housing Trust Fund is launching a $1 million pilot program to expand the availability of new income-restricted homes. According to the Providence Journal, the new “Turnkey Program” offers a direct subsidy to developers in exchange for an...
Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective

Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective

by John G. Stevens | Aug 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The debate over government involvement in the real estate industry is not new, but it has taken on renewed urgency as the housing crisis deepens across the United States. Vice President Kamala Harris recently pledged to build 3 million new homes if elected President....
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