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Zillow: Home Values Up 1.4% in May

Zillow: Home Values Up 1.4% in May

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

U.S. home values grew by 1.4% from April to May, the strongest monthly appreciation since last June, according to new data from Zillow Group (NASDAQ:Z, ZG). The home value as of May was $346,856, up 0.9% year-over-year. Zillow Senior Economist Jeff Tucker noted the...
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...
Blackstone Acquires Majority Stake in Out-of-Home Media Company

Blackstone Acquires Majority Stake in Out-of-Home Media Company

by Phil Hall | Jun 12, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE:BX) announced that funds managed by the company’s Blackstone Tactical Opportunities division acquired a majority stake in New Tradition Media, an out-of-home media operator with assets across the nation’s largest markets. Founded in 2010, New...
Australian Program Added 100K New Homeowners in Three Years

Australian Program Added 100K New Homeowners in Three Years

by Phil Hall | Jun 12, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s federal government announced 100,000 households have been able purchase their own residential properties since the introduction of the Home Guarantee Scheme (HGS) three years ago. According to the Australian Property Journal, the HGS program is designed to...
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...
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