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NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing

NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing

by Phil Hall | Jul 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Eric Adams accused opponents of new affordable housing developments of advocating a new era of “Jim Crowism.” According to a Gothamist report, the city produced more than 14,700 new apartments with rents capped for low- and middle-income tenants...
United Real Estate Merges with Dallas-Based Brokerage

United Real Estate Merges with Dallas-Based Brokerage

by Phil Hall | Jul 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

United Real Estate announced the merger of its Dallas-based division with REAL Dallas Properties & Management, a union that will add 70 agents to United’s Dallas operations and expanding its North Texas presence to more than 800 agents. According to the...
$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales

by Phil Hall | Jul 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Investment sales in Manhattan commercial real estate reached $5.8 billion over in the first half of this year, according to new data from Ariel Property Advisors. This represented a 14% increase from the second half of 2023. A total of 167 transactions were recorded...
Eres Capital to Open New Community in Bozeman, Montana

Eres Capital to Open New Community in Bozeman, Montana

by Phil Hall | Jul 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Eres Capital, an investment and development division of Eres Companies, announced it will open its Yellowstone Landing community this fall in Bozeman, Montana. Situated in the newly developed mixed-used Yellowstone Airport Plaza off I-90, the community will provide a...
S&P CoreLogic Case-Shiller Index Hits Another High

S&P CoreLogic Case-Shiller Index Hits Another High

by Phil Hall | Jul 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what is getting to become a monthly event, the S&P CoreLogic Case-Shiller Index has soared to yet another all-time high. “Our home price index has appreciated 4.1% year-to-date, the fastest start in two years,” said Brian D. Luke, head of commodities, real and...
Study: Canadian Households Spend 43% of Their Income on Taxes

Study: Canadian Households Spend 43% of Their Income on Taxes

by Phil Hall | Jul 30, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The average Canadian family spent 43% cent of its income on taxes in 2023, according to new data from nonpartisan think-tank Fraser Institute. Last year, the average Canadian family earned an income of $109,235 and paid in total taxes equaling $46,988. This level of...
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