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Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments

Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments

by Phil Hall | Jul 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom has ordered state and municipal agencies to being the dismantling thousands of homeless encampments across his state, where an estimated 180,000 people are unhoused. Newsom’s order follows last month’s Supreme Court ruling that...
Tech Trends: Tapping Deeper Into Data

Tech Trends: Tapping Deeper Into Data

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate Investing, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

This week, our Tech Trends spotlight considers a slate of new digital offerings designed to improve access to real estate data. An OK via AI: Candor Technology, a mortgage technology solutions provider, announced the release of its PreQual product, a patented borrower...
Delaware Home Sales and Prices Down in June

Delaware Home Sales and Prices Down in June

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Delaware home sales and prices dipped in June from May, but prices climbed compared to one year ago. Delaware recorded 1,237 home sales in June, down 1.43% from May and down 4.99% from June 2023, according to new data from the Delaware Association of Realtors (DAR)....
Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92

Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92

by Phil Hall | Jul 25, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Enid C. Pinkney, an educator who played a prominent role in preserving and restoring historic sites linked to the heritage of Miami’s Black population, passed away on July 18 at the age of 92. Born in Miami on Oct. 15, 1931, Pinkney graduated from Booker T. Washington...
The New Normal: Million-Dollar Starter Homes

The New Normal: Million-Dollar Starter Homes

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Q2 Home Sellers’ Profit Margins Remained Stagnant

Q2 Home Sellers’ Profit Margins Remained Stagnant

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
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