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Hits and Misses for the Real Estate Week of Feb. 17-21

Hits and Misses for the Real Estate Week of Feb. 17-21

by Phil Hall | Feb 21, 2025 | Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

HUD’s erasure of DEI contracts, builders expressing apprehension and Australia’s first rate cut in more than four years. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 17-21. Hit: An End to DEI Daffiness. Kudos to...
Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes

Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Florida legislature is now considering a bill that seeks to begin the process that could result in the elimination of the state’s property taxes. Fort Myers Beach Talk reports State Sen. Jonathan Martin (R-Fort Myers) has introduced a bill that would require the...
New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Steadfast LA, the new nonprofit organization founded by developer and former mayoral candidate Rick Caruso to help in the recovery efforts across fire-ravaged Los Angeles County, is partnering with the prefab-home construction company Samara to provide new houses for...
CAPREIT Expands into Student Housing Sector with Florida Acquisition

CAPREIT Expands into Student Housing Sector with Florida Acquisition

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CAPREIT (OTCMKTS: CDPYF) (TSX: CAR.UN), a Toronto-headquartered real estate investment trust focused on multifamily assets, has ventured into the student housing sector with its acquisition of Coastal Village, a 200-home, 800-bed student housing community in south...
Existing Home Sales Down by Nearly 5%

Existing Home Sales Down by Nearly 5%

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank in January by 4.9% from December to a seasonally adjusted annual rate of 4.08 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales inched up by 2.0% from 4 million in January 2024....
The Most Expensive US Home Listing Is…

The Most Expensive US Home Listing Is…

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wealthy homebuyers in search of ultra-luxury property should focus on the coastal Florida and Southern California markets, according to a new data report from Redfin (NASDAQ: RDFN). The regional dominance of Florida and California in the ultra-luxury sector might be...
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