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Hits and Misses for the Real Estate Week of May 29-June 2

Hits and Misses for the Real Estate Week of May 29-June 2

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The world’s richest man talks about real estate, a tenant pulls a fast one on his trusting landlord and a historic theater gets a new lease on life. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: Mr. Musk Weighs...
Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values

Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values

by Phil Hall | May 31, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

by Phil Hall | May 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners did not receive a vote of confidence from Elon Musk, who predicted the nation’s home values will be collapsing sooner rather than later. The Tesla (NASDAQ:TSLA) chieftain offered his doom-and-gloom prophecy on Twitter in response to comments made...
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