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Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
Alabama Home Sales Up 8.2%
Alabama recorded 6,724 home sales in June, an 8.2% increase from May and a 10.9% upswing from June 2024. The Alabama Association of Realtors said the state had 20,298 active listings at the end of June, a 22.7% spike from 16,549 recorded one year ago. Alabama’s median...
White House Pushes Story That Federal Reserve Hired a Crisis PR Firm
In the wake of ongoing attacks and insults from the Executive Branch against the central bank, the Trump administration is making unsubstantiated claims that Federal Reserve Chairman Jerome Powell has hired a public relations agency specializing in crisis...
Sen. Lee, Conservative Pundit Duped by Fake Powell Resignation Letter
A fake letter designed to give the appearance that Federal Reserve Chairman Jerome Powell was resigning was posted and later deleted on social media by Sen. Mike Lee (R-UT) and conservative commentator Benny Johnson. CNBC reports the letter was addressed to “The...
NEWS & CURRENT EVENTS
6-Unit Connecticut Multifamily Property Sells for $2 Million
Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the transaction. Continue Reading 6-Unit Connecticut Multifamily Property Sells for $2 Million
Egypt Unveils Plans for New City
Egyptian Prime Minister Moustafa Madbouli declared the project to be “an urban and development revolution” that will create 250,000 jobs. Continue Reading Egypt Unveils Plans for New City
Hits and Misses for the Real Estate Week of May 26-30
This week’s Hits and Misses include Gov. Ron DeSantis and Kim Reynolds, former Vice President Kamala Harris, and NAR’s newest executives. Continue Reading Hits and Misses for the Real Estate Week of May 26-30
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
The new commitment expands the W. P. Carey Foundation’s gifting to the school to more than $100 million. Continue Reading WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
Manhattan Office Building Sells in Auction at 97.5% Loss
The property was built in 1963 on the site of the 5,920-seat Roxy Theatre, which was once the world’s largest cinema. Continue Reading Manhattan Office Building Sells in Auction at 97.5% Loss
$4 Billion Settlement Reached in Maui Wildfires Devastation
“This global settlement of over $4 billion will help our people heal,” said Gov. Josh Green. Continue Reading $4 Billion Settlement Reached in Maui Wildfires Devastation
The Urgent Need to Deregulate Housing: John G. Stevens’ Perspective
In a recent article on WRE News titled "Renter Population is Growing 3X Faster Than Homeowner Population," I was drawn in by the alarming data. The number of US renter households in the second quarter grew by 1.9% year-over-year, according to a new data report from...
Hits and Misses for the Real Estate Week of July 29-Aug. 2
This week’s Hits and Misses include reckless political talk about housing, Chevron moving its headquarters to Texas and a contaminated school for sale. Continue Reading Hits and Misses for the Real Estate Week of July 29-Aug. 2
Report: Average Commission for Buyer’s Agent is 2.55%
In dollar terms, San Francisco had the highest average commission at $50,734. Continue Reading Report: Average Commission for Buyer’s Agent is 2.55%
Three Investors Plead Guilty in Real Estate Fraud Scheme
Each defendant faces a maximum penalty of five years in prison. Continue Reading Three Investors Plead Guilty in Real Estate Fraud Scheme
Massachusetts Governor Warns Steward Health Care on Hospital Closings
“I’ve been clear with Steward, they need to stay open for 120 days,” Healey said. Continue Reading Massachusetts Governor Warns Steward Health Care on Hospital Closings
Chevron Relocates HQ from California to Texas
CEO Mike Wirth blamed California’s political climate for driving the company’s headquarters from the state. Continue Reading Chevron Relocates HQ from California to Texas
Renter Population Is Growing 3X Faster Than Homeowner Population
Nationwide, just over one-third (34.4%) of households are in rental housing. Continue Reading Renter Population Is Growing 3X Faster Than Homeowner Population
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