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NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

by Phil Hall | Jun 12, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is calling on Congress and the Biden administration to restore fair housing spending levels that were jettisoned in the recently completed federal debt ceiling agreement. “The National Fair Housing Alliance is extremely...
Hits and Misses for the Real Estate Week of June 5-9

Hits and Misses for the Real Estate Week of June 5-9

by Phil Hall | Jun 9, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Canada burns while America chokes, a lone voice calling for GSE reform and a blip of good news on affordable homeownership. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Trudeau Fiddles While Canada Burns. Most...
John Wayne’s California Ranch Sold After Five Years On and Off the Market

John Wayne’s California Ranch Sold After Five Years On and Off the Market

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Southern California ranch that was once owned by movie legend John Wayne was sold for $11.3 million after being on and off the market for five years. The 2,000-acre property in Hemet, located roughly two hours from Los Angeles, is called Ranco Pavoreal and was...
Illinois Debuts New Homebuyer Assistance Program

Illinois Debuts New Homebuyer Assistance Program

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois Gov. JB Pritzker unveiled a $15 million homebuyer program designed to help increase home purchase accessibility for low- and moderate-income individuals, families and seniors. The new HFA1 program is administered by the Illinois Housing Development Authority...
Median Asking Rent Price Has First Year-Over-Year Drop in Three Years

Median Asking Rent Price Has First Year-Over-Year Drop in Three Years

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking price for rental housing was $1,995 in May, a 0.6% year-over-year decline, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual decline since March 2020, the first annual decline since March 2020 and a significant shift...
Baby Boomers and Millennials are Moving, But Not to the Same Places

Baby Boomers and Millennials are Moving, But Not to the Same Places

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Migration patterns by baby boomers and millennials during the first quarter of this year had little in common, according to data released by Bank of America (NYSE:BAC). During the first three months of 2023, Las Vegas, Phoenix, Tampa and Orlando were among the most...
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