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California and Utah Wildfires Result in Neighborhood Evacuations

California and Utah Wildfires Result in Neighborhood Evacuations

by Phil Hall | Jul 22, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Wildfires in California and Utah have forced the evacuations of communities in the impacted states. A wildfire that began Sunday in California’s Riverside County destroyed three homes, damaged several others and resulted in evacuation orders for roughly 100 residents....
California Leads the Nation with Commercial Property Foreclosures

California Leads the Nation with Commercial Property Foreclosures

by Phil Hall | Jul 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

California led the nation with the highest number of commercial property foreclosures in June, according to new data from ATTOM. The state’s 214 commercial foreclosures last month represented a 10% decline from May but was also a 289% increase from June 2023. June’s...
California Home Sales Edged Lower in June

California Home Sales Edged Lower in June

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s closed escrow sales of existing, single-family detached homes totaled a seasonally adjusted annualized rate of 270,200 in June, according to data from the California Association of Realtors (CAR). This represented a 0.8% drop from the revised 272,410...
Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas

Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas

by Phil Hall | Jul 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk announced that he is relocating his California-based companies X (formerly Twitter) and SpaceX from California to Texas, citing a new controversial state law as the reason for his relocation. Posting on X, Musk cited a law signed yesterday by Gov. Gavin...
The Best and Worst Cities for First-Time Homebuyers Are…

The Best and Worst Cities for First-Time Homebuyers Are…

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida is home to six of the top 10 markets for first-time buyers, according to WalletHub’s newly published list of the Best & Worst Cities for First-Time Home Buyers in 2024. In number-crunching this year’s list, WalletHub analyzed 300 cities of varying sizes...
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