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NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

by Phil Hall | Mar 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is taking credit for last week’s rejection by Chicago voters of a ballot referendum that would have changed the city’s real estate transfer tax structure. Chicago voters rejected the referendum 54% to 46% ratio. In a website...
The Average Homeowner Spends Nearly $18,000 Annually on Non-Mortgage Expenses

The Average Homeowner Spends Nearly $18,000 Annually on Non-Mortgage Expenses

by Phil Hall | Mar 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average U.S. homeowner spends $17,958 each year on non-mortgage expenses, according to new research from Real Estate Witch, an online resource published by Clever Real Estate. The greatest expense involves utilities – the average homeowner spends $5,362 per year....
Self-Storage Sector Continues to Face Negative Street Rate Growth

Self-Storage Sector Continues to Face Negative Street Rate Growth

by Phil Hall | Mar 27, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The annual street rate growth in the self-storage real estate sector remained negative in February, according to new data report from Yardi Matrix. Last month, the average annualized same-store asking rent per square foot for combined mix of unit sizes reached an...
Mortgage Application Activity Slows to a Crawl

Mortgage Application Activity Slows to a Crawl

by Phil Hall | Mar 27, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was mostly flat last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.7% on a seasonally adjusted basis from one week...
The City with the Greatest Debt Delinquency Problem Is…

The City with the Greatest Debt Delinquency Problem Is…

by Phil Hall | Mar 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

It would seem that deep in the heart of Texas are a lot of folks who are deep in a financial hole. According to a new data study from WalletHub, Laredo, Texas, is the city with the greatest debt delinquency problem. “Around 14.9% of loans and lines of credit in the...
Joe Rogan Condemns Squatter Policies as ‘Bananas’

Joe Rogan Condemns Squatter Policies as ‘Bananas’

by Phil Hall | Mar 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Joe Rogan has weighed in on the percolating controversy surrounding the increase in squatter activity, stating that local laws designed to protect squatters’ rights were “basically allowing people to steal other people’s homes.” In his Saturday show, the popular...
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