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Single-Family Housing Starts Show a New Gusto, Up 18.5%

Single-Family Housing Starts Show a New Gusto, Up 18.5%

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

It was a May to remember in the housing market, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development, with home construction surging at its fastest rate in more than a year. Single‐family housing starts in May were at a...
DC Property Linked to Disgraced Crypto Bigshot Sam Bankman-Fried Listed as Contingent

DC Property Linked to Disgraced Crypto Bigshot Sam Bankman-Fried Listed as Contingent

by Phil Hall | Jun 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Washington, D.C.-based townhouse linked to disgraced cryptocurrency figure Sam Bankman-Fried will soon be sold. CoinTelegraph.com cited an updated posting on Realtor.com that the property in the city’s Capitol Hill section is listed as “contingent.” The...
Happy Days Are Here Again: Builder Confidence Rises in Positive Territory

Happy Days Are Here Again: Builder Confidence Rises in Positive Territory

by Phil Hall | Jun 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence transitioned into positive territory for the first time in 11 months, according to the latest National Association of Home Builders (NAHB) / Wells Fargo (NYSE:WFC) Housing Market Index (HMI). The HMI for the market for newly built single-family...
Ben Affleck and Jennifer Lopez Pick Up Discounted Beverly Hills Mansion

Ben Affleck and Jennifer Lopez Pick Up Discounted Beverly Hills Mansion

by Phil Hall | Jun 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Hollywood power couple Ben Affleck and Jennifer Lopez may not seem like your typical bargain shoppers, but the big-screen stars scored a significant discount on a glamorous Beverly Hills mansion. According to TMZ, the pair shelled out $60.8 million on a property that...
The Best Market for Long-Term Rental Property Investment Is…

The Best Market for Long-Term Rental Property Investment Is…

by Phil Hall | Jun 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Airdeed, an online short-term rental real estate marketplace, has announced the results of a data analysis to determine the top markets for long-term rental property investment. The Jacksonville, Florida-based Airdeed analyzed more than 1,000 long-term rental...
HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

by Phil Hall | Jun 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. According to HUD, the grant program provides financial assistance to smaller communities looking to...
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