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Study: Increased Home Construction Will Fuel Furniture Sales

Study: Increased Home Construction Will Fuel Furniture Sales

by Phil Hall | May 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. home furniture market is predicted to grow by $13.32 billion over the next four years, a 3.7% compound annual growth rate, according to a new forecast by Technavio. “Improving residential construction market is notably driving the U.S. home furniture market...
Suzanne Somers’ Former Palm Springs Estate Listed for $12.9 Million

Suzanne Somers’ Former Palm Springs Estate Listed for $12.9 Million

by Phil Hall | May 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Palm Springs, California-based property that was once the home of “Three’s Company” star Suzanne Somers has been listed for sale at $12.9 million. The 28-acre property includes five buildings encompassing a total of 7,280 square feet and is located along a craggy...
Hits and Misses for the Real Estate Week of May 22-26

Hits and Misses for the Real Estate Week of May 22-26

by Phil Hall | May 26, 2023 | Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A trade association leader takes aim at Washington, a regulator tries to blame her bad judgment on reporters and an Alabama city with a troubled past displays a glorious present. Looking into the wild and wooly world of real estate, here are our Hits and Misses for...
OUCH! US Homeownership Rate at Lowest Level Since 1970

OUCH! US Homeownership Rate at Lowest Level Since 1970

by Phil Hall | May 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
Disney Offers Preview of Upcoming Pixar Place Hotel

Disney Offers Preview of Upcoming Pixar Place Hotel

by Phil Hall | May 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

As the Walt Disney Co. (NYSE:DIS) prepares to shutter its Star Wars: Galactic Cruiser hotel in Orlando, it is also offering a preview of what to expect from the Pixar Place Hotel at Disneyland Resort in Anaheim, California. The 15-story establishment is a reimagining...
UK Homeowners Facing Mortgage Rates Over 5%

UK Homeowners Facing Mortgage Rates Over 5%

by Phil Hall | May 26, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
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