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Hoax Letters Claim Biden is Seizing Private Property for Migrant Housing

Hoax Letters Claim Biden is Seizing Private Property for Migrant Housing

by Phil Hall | Jun 7, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Residents of Edmonds, Washington, have been receiving hoax letters on the letterhead of the city government announcing their property is being seized to shelter illegal immigrants. The letters begin with this warning: “Upon the Biden administration’s suspending...
Hits and Misses for the Real Estate Week of May 27-31

Hits and Misses for the Real Estate Week of May 27-31

by Phil Hall | May 31, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new scholarship program for aspiring teen real estate professionals, the CFPB’s digging for “junk fees” and interest rate cuts across the Atlantic. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 27-31. Hit: Educating...
Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

by Phil Hall | May 20, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Earlier this month, Bank of England Chief Economist Huw Pill stated the reason that rents were so high in his country was not because of elevated interest rates, but because of “quite large increases in immigration” – net migration broke a record in...
NYC’s Population Continues to Decline

NYC’s Population Continues to Decline

by Phil Hall | Mar 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Big Apple is getting smaller, based on new estimates from the U.S. Census Bureau. New York City’s population lost nearly 78,000 residents in 2023, according to a report in the New York Times. The year before, more than 126,000 residents moved out. Between April...
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