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Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

by Phil Hall | Jul 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to the “Field of Dreams” catchphrase, new apartment complexes are being built but not that many people are coming to rent units. According to new data from Redfin (NASDAQ:RDFN), less than half (47%) of newly constructed apartments that were completed in the...
Caliber to Begin Construction on Phoenix-Area Apartment Development

Caliber to Begin Construction on Phoenix-Area Apartment Development

by Phil Hall | Jun 26, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The real estate investor, developer and manager Caliber (NASDAQ: CWD) announced the completion of funding for the first phase of a single-family rental housing complex in the Ahwatukee Foothills neighborhood in South Phoenix. The new complex is part of a...
Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

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

A new data analysis by Redfin (NASDAQ:RDFN) has determined only 39% of renters are earning enough to afford the median-priced apartment. During May, the $1,653 median apartment asking rent in May was $47 below its record high. According to the new data analysis, the...
NBA Legend Dominique Wilkins Named Investor and Partner in Roots Real Estate Fund

NBA Legend Dominique Wilkins Named Investor and Partner in Roots Real Estate Fund

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Atlanta Hawks icon and NBA Hall of Famer Dominique Wilkins was named as an investor and partner with Roots, an Atlanta-headquartered real estate fund. In his new role, Wilkins will share his likeness in videos and at curated gatherings to introduce Roots’ “Live...
Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordability issues for homeowners and renters are creating an economic crisis that is not being easily solved with new construction, according to “The State of the Nation’s Housing 2024” report published by the Joint Center for Housing Studies of Harvard University....
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