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California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

by Phil Hall | Dec 7, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, New Jersey and Illinois have the highest concentrations of the most-at-risk housing markets in the country, with the biggest clusters in the New York City and Chicago areas and in central California, according to the third quarter Special Housing Risk...
BMO Expands Welcome Home Grant Program to California

BMO Expands Welcome Home Grant Program to California

by Phil Hall | Nov 29, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

BMO Financial Group has announced a $2 million commitment to expand its Welcome Home Grant program to California. The program offers up to $16,000 in grants to eligible borrowers to help with down payment and closing costs, helping buyers in underserved communities...
Sales Flat, Prices Up in California’s Housing Market

Sales Flat, Prices Up in California’s Housing Market

by Phil Hall | Nov 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,770 in October, according to new data from the California Association of Realtors (CAR). This is up by a mild 0.3% from the 240,940...
Private Island in San Francisco Bay Listed for $25 Million

Private Island in San Francisco Bay Listed for $25 Million

by Phil Hall | Nov 20, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

The only private island located in San Francisco Bay is being listed for $25 million. The Wall Street Journal reported the six-acre Red Rock Island near the Richmond-San Rafael Bridge north of San Francisco is zoned for residential use. The vacant island lacks...
The Most Expensive Listing Just Got Discounted – to $195 Million

The Most Expensive Listing Just Got Discounted – to $195 Million

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The most expensive residential real estate listing just had its price slashed after five months on the market. According to a Barron’s report, the Bel Air, California-based Casa Encantada, which was listed for a record-high of $250 million in June, was...
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