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CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform

CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform

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

CoStar Group (NASDAQ: CSGP) has made a $1.69 billion all-cash offer to acquire Domain Holdings, the prominent Australian real estate marketplace companies. Business News Australia reports Australia’s Foreign Investment Review Board (FIRB) would need to approve...
CBRE Forecasts Strong Year for US Hotel Industry

CBRE Forecasts Strong Year for US Hotel Industry

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

CBRE (NYSE: CBRE) is predicting a vibrant 2025 for the US hotel industry with a new forecast that expects revenue per available room (RevPAR) to enjoy steady growth throughout the year. CBRE is forecasting a 2.0% increase in RevPAR growth this year, with occupancy...
Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets

Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets

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

Orchard, a New York City-headquartered fintech offering a home selling platform, has expanded into the Phoenix and Nashville markets. The company’s Move First program advances sellers them equity from their current home, allowing them to make a non-contingent offer,...
NAR Announces Resolution with Phoenix Realtors Over MLS Access

NAR Announces Resolution with Phoenix Realtors Over MLS Access

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

The National Association of Realtors (NAR) announced a resolution with Phoenix Realtors regarding the Arizona-based group’s MLS Choice program that enabled brokers to offer their agents access both the MLS and legal forms outside of the traditional three-tier...
Report: 2024 Housing Market Gained $2.5 Trillion in Value

Report: 2024 Housing Market Gained $2.5 Trillion in Value

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US housing market gained $2.5 trillion in value in 2024 to reach $49.7 trillion, according to a new data report from Redfin (NASDAQ: RDFN). But while the total value of the housing market grew 5.2% year-over-year, this represented the slowest growth in a calendar...
Tech Trends: Updates on the Data Center Sector

Tech Trends: Updates on the Data Center Sector

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

This week, Tech Trends offers an overview of the latest happenings in the red-hot data center sector. Will Bigger Be Better? Plans are underway in South Korea for one of the world’s largest data centers for artificial intelligence. The Wall Street Journal reports the...
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