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Australia’s Opposition Leaders Seeks 2-Year Ban on Homebuying by Foreigners

Australia’s Opposition Leaders Seeks 2-Year Ban on Homebuying by Foreigners

by Phil Hall | Oct 2, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s opposition leader has pledged to ban foreign purchases of residential real estate for two years if he is elected as the nation’s next leader. Daily Mail reported Peter Dutton, the Liberal Party of Australia leader, announced his proposed ban on social...
Report: Only 2.5% of Homes Changed Hands This Year

Report: Only 2.5% of Homes Changed Hands This Year

by Phil Hall | Sep 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 25 out of every 1,000 homes, or 2.5%, changed hands in the first eight months of 2024, the lowest turnover rate in the past 30 years, according to a new data report from Redfin (NASDAQ: RDFN). The new data analysis determined that existing home sales were similar...
Zillow Adds Climate Risk Information on For-Sale Listings

Zillow Adds Climate Risk Information on For-Sale Listings

by Phil Hall | Sep 27, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ: Z, ZG) is rolling out climate risk data provided by First Street on its listings for US properties for sale. According to the Seattle-headquartered company, home shoppers will have new information on five key risks – flood, wildfire, wind, heat and air...
A Phil Hall Op-Ed: Trump Talks About Housing…Well, Sort Of

A Phil Hall Op-Ed: Trump Talks About Housing…Well, Sort Of

by Phil Hall | Sep 24, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Last week, I used this column to offer my opinion on Vice President Kamala Harris’ plans for fixing the challenges facing the housing market if she was elected president. This week, the column is devoted to the plans from former President Donald...
Report: Homebuying Became More Affordable for the First Time Since 2020

Report: Homebuying Became More Affordable for the First Time Since 2020

by Phil Hall | Sep 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has determined homebuyers need an annual income of $115,454 to afford a $433,101 median priced home – a 1.4% decline from one year earlier and the first annual decline since June 2020, when mortgage rates were at a record...
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