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Manhattan’s Median Apartment Rent at $4,500 in February

Manhattan’s Median Apartment Rent at $4,500 in February

by Phil Hall | Mar 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median apartment rent in Manhattan soared to $4,500 last month, according to data from the Douglas Elliman brokerage. The median rental price for Manhattan was up 6.4% year-over-year, marking a new monthly record in February. Bisnow.com reports last month’s figure...
Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

by Phil Hall | Mar 13, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian government has allocated $365 million for the construction of 767 new rental homes in Toronto. The project’s first phase, which is now under development on an eight-acre, transit-oriented site owned by the City of Toronto, will be part of a...
Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability

Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability

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

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) sent a letter to the Trump administration seeking a review of 32 federal programs, rules and regulations at 10 different agencies that may impede the creation of new rental...
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

by Phil Hall | Feb 18, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renting is more affordable than buying a home in all but two of the top 50 metro markets in January, according to a new data report from Realtor.com. One year ago, there were six markets where buying was less expensive than renting. The average median asking rent in...
New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month

New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month

by Phil Hall | Feb 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The new owner of Michael Jordan’s former Chicago-area mansion is now renting the property for $230,000 per month. Realtor.com reports the property’s owner – John Cooper, a partner at the real estate company HAN Capital – initially planned to create a luxury timeshare...
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