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Hits and Misses for the Real Estate Week of Nov. 20-24

Hits and Misses for the Real Estate Week of Nov. 20-24

by Phil Hall | Nov 24, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Seller confusion on agent commissions, a new hotel in Harlem and a San Francisco landmark getting a lift ahead of a potential flooding. From the wild and wooly world of real estate, here are the hits and misses for the week of Nov. 20-24. Miss: Who Pays for What? One...
NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

NAHB Criticizes Biden for Using Defense Production Act to Boost Electric Heater Usage

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

The chairman of the National Association of Home Builders (NAHB) criticized President Biden for invoking the Defense Production Act to boost production of electric heaters as part of the administration’s efforts to rid the housing market of gas heating appliances....
Builder Confidence Mixed in Market for New Multifamily Housing

Builder Confidence Mixed in Market for New Multifamily Housing

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

Builder confidence in the market for new multifamily housing was mixed during the third quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices: The...
Builder Confidence Down for Fourth Consecutive Month

Builder Confidence Down for Fourth Consecutive Month

by Phil Hall | Nov 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes fell six points to 34 this month, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marks the fourth consecutive monthly drop in...
Housing Affordability Index Crashes to Record Low

Housing Affordability Index Crashes to Record Low

by Phil Hall | Nov 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
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