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Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut

Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut

by Phil Hall | Dec 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

KISS frontman Gene Simmons has returned his Beverly Hills mansion to the market with $1 million slashed from the original listing price. TMZ reports the 7,741-square-foot four-bedroom, five-bathroom residence is now being offered for just under $13 million. The...
Illinois Home Prices Rising While Sales Decline

Illinois Home Prices Rising While Sales Decline

by Phil Hall | Dec 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 9,207 home sales during November, a 9% decline from the 10,123 properties sold one year earlier. According to data from Illinois Realtors, the 21,305 homes available for sale statewide last month were 5.1% less than the 22,449 homes available in...
Report: Typical Household Needs 7 Years to Save for a Down Payment

Report: Typical Household Needs 7 Years to Save for a Down Payment

by Phil Hall | Dec 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical household needs seven years to save for the average down payment, according to a new data report from Realtor.com. This is down from the peak of 16 years recorded in April 2022, although it remains well above the pre-pandemic level. In many expensive...
Pending Home Sales Up 3.3%

Pending Home Sales Up 3.3%

by Phil Hall | Dec 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were up by 3.3% in November from the prior month and up by 2.6% from one year earlier, according to the National Association of Realtors (NAR). On a regional measurement, pending home sales were up month-over-month and year-over-year in the...
HUD Secretary Turner: 50-Year Mortgage Plan Needs More Research

HUD Secretary Turner: 50-Year Mortgage Plan Needs More Research

by Phil Hall | Dec 29, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner declined to endorse President Trump’s proposal of a 50-year mortgage plan to help reanimate the housing market, stating the idea needed to be studied further before being put forth as a solution to the...
Washington Lt. Gov. Proposes Turning Vacant Strip Malls and Big Box Stores into Housing

Washington Lt. Gov. Proposes Turning Vacant Strip Malls and Big Box Stores into Housing

by Phil Hall | Dec 29, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Washington Lt. Gov. Denny Heck has put forth a unique proposal to address the state’s housing shortage – repurpose vacant strip malls and big box stores as housing. The state’s 2025 operating budget assigned Heck the task of identifying the possibility of using...
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