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A Phil Hall Op-Ed: When President Kennedy Addressed Housing Discrimination

A Phil Hall Op-Ed: When President Kennedy Addressed Housing Discrimination

by Phil Hall | Nov 20, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: On Wednesday, the nation will observe the 60th anniversary of the assassination of President John F. Kennedy. For this column, I would like to call attention to another anniversary related to the late president. On this date in 1962, Kennedy issued...
NY Fed: Mortgage Rejection Rates Down Year-Over-Year

NY Fed: Mortgage Rejection Rates Down Year-Over-Year

by Phil Hall | Nov 20, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Year-over-year rejection rates declined for new mortgage applications last month, according to new data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations Credit Access Survey, which attributed the downturn as a likely reflection on the...
NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chairman of the National Association of Home Builders (NAHB) criticized President Biden for invoking the Defense Production Act to boost production of electric heaters as part of the administration’s efforts to rid the housing market of gas heating appliances....
Sales Flat, Prices Up in California’s Housing Market

Sales Flat, Prices Up in California’s Housing Market

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,770 in October, according to new data from the California Association of Realtors (CAR). This is up by a mild 0.3% from the 240,940...
Rental Housing Properties Seek to Attract Tenants with Increased Concessions

Rental Housing Properties Seek to Attract Tenants with Increased Concessions

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Concessions for prospective tenants in rental housing are at their highest level in more than two years, according to data from Zillow Group (NASDAQ:Z, ZG). In an analysis of Zillow-advertised rental listings in October, roughly 30% included some sort of concessions....
Tredway Acquires Affordable Housing Portfolio in North Carolina

Tredway Acquires Affordable Housing Portfolio in North Carolina

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tredway, a New York City-headquartered affordable and mixed-income real estate developer, has acquired a 12-property portfolio across North Carolina. The portfolio consists of 630 affordable apartments for families and seniors in 11 localities. As a result of the...
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