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Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos

Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos

by Phil Hall | Jun 30, 2025 | International Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Real estate agents in the Australian state of New South Wales (NSW) could soon be required to disclose if the photographs used in their rental listings were digitally manipulated using artificial intelligence (AI). According to combined media reports, the new law was...
Manhattan’s Rental Market Breaks New Price Record

Manhattan’s Rental Market Breaks New Price Record

by Phil Hall | Jun 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Manhattan’s rental housing market set new records in May with rents averaging $4,571, up 1.6% month-over-month and up 7.6% year-over-year, according to data from the brokerage Douglas Elliman Inc. (NYSE: DOUG). May was the third time in the past four months when...
California Attorney General Sues Statewide Landlord, Citing Violations of Multiple Laws

California Attorney General Sues Statewide Landlord, Citing Violations of Multiple Laws

by Phil Hall | Jun 13, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

California Attorney General Rob Bonta has filed a lawsuit against PAMA Management, a group of property management and real estate holding companies owned by Swaranjit “Mike” Nijjar, his sister Daljit “DJ” Kler, and other members of his family. The Nijjar family and...
Report: More Millionaires Are Favoring Rental Housing Over Homeownership

Report: More Millionaires Are Favoring Rental Housing Over Homeownership

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to popular imagination, not every millionaire owns a mansion. Indeed, new research published by RentCafe based on IPUMS data has determined that an increasing number of millionaires prefer rental housing. Between 2019 and 2023, the number of renters and...
Report: New Apartments Sitting Vacant for Months

Report: New Apartments Sitting Vacant for Months

by Phil Hall | May 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
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