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Active Home Listings 50.5% Below Pre-Pandemic Levels

Active Home Listings 50.5% Below Pre-Pandemic Levels

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing inventory levels remain stuck below pre-pandemic levels as fewer sellers are opting to list their homes and new house construction remains enervated. According to the latest Monthly Housing Trends Report published by Realtor.com, active inventory growth slowed...
Home Equity Ticks Downward for Second Straight Month

Home Equity Ticks Downward for Second Straight Month

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of equity-rich mortgaged properties declined slightly in the first quarter of this year. According to ATTOM’s latest U.S. Home Equity & Underwater Report, 47.2% of mortgaged residential properties were considered equity-rich in the first quarter....
Uh-Oh, Another Bank in Trouble? PacWest Is Exploring ‘Strategic Options’

Uh-Oh, Another Bank in Trouble? PacWest Is Exploring ‘Strategic Options’

by Phil Hall | May 4, 2023 | Industry Updates, News/Current Events, WRE News Exclusive

Another leading regional bank appears to be having a growing case of tumult. Reuters reported that Los Angeles-based PacWest Bancorp (NASDAQ:PACW) was in talks with potential partners and investors about “strategic options” following the deterioration of its stock...
NYC Rent-Stabilized Units Facing Hikes Up to 7%

NYC Rent-Stabilized Units Facing Hikes Up to 7%

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The city that never sleeps may have a new reason for its tenants to be up at night – the municipal Rent Guidelines Board is proposing increases of 4% to 7% for two-year leases and hikes of 2% to 5% for one-year leases for the local rent-stabilized housing units....
Banks Having Second Thoughts Over Japan’s First Casino Development

Banks Having Second Thoughts Over Japan’s First Casino Development

by Phil Hall | May 4, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The attempt to launch Japan’s first casino is off to a shaky start as some banks might be having a change of mind in backing the project. According to a Nikkei Asia report, the project is based in Osaka and will feature a hotel, casino, theater and international...
Mat Ishbia Disses Dan Gilbert – The Feud Continues

Mat Ishbia Disses Dan Gilbert – The Feud Continues

by Phil Hall | May 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
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