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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...
Maui County Donates 7 Lots to Nonprofit for Affordable Housing

Maui County Donates 7 Lots to Nonprofit for Affordable Housing

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

The Maui County government has donated seven lots in Kahului to a local nonprofit for the creation of affordable housing. According to Hawaii Public Radio, the donation is part of 19 lots in a 1.5-acre parcel at Maui Lani that the county authorized to give to the...
Katharine Hepburn’s Former NYC Home Listed for $7.2 Million

Katharine Hepburn’s Former NYC Home Listed for $7.2 Million

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

The longtime New York City home of four-time Oscar-winning actress Katharine Hepburn has been listed for $7.2 million. The New York Post reported the 164-year-old five-story townhouse in Manhattan’s Turtle Bay neighborhood was acquired by Hepburn in 1931, who owned it...
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