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Rent Prices Continue Downward Trend

by Phil Hall | Aug 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

July represented the third consecutive month of year-over-year declines in rental housing prices, according to data from Realtor.com. While the median asking rent in the 50 largest metros increased $15 to $1,759 from June to July, it nonetheless remains down $18 from...
Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School

Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School

by Phil Hall | Aug 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average American teacher can only afford 12% of the homes for sale within commuting distance of their school, according to a new data study from Redfin (NASDAQ:RDFN). The new data is down from 17% in the summer of 2022 and down 30% from pre-pandemic 2019. And the...
Hits and Misses for the Real Estate Week of Aug. 7-11

Hits and Misses for the Real Estate Week of Aug. 7-11

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing designed to stress your budget, a municipal fine against Elon Musk that is not stressing his wallet and a Chinese property developer who is stressing investors. From the wild and woolly world of real estate, here are the hits and misses for this week....
Proptech RentRedi Acquires Two Property Management Platforms

Proptech RentRedi Acquires Two Property Management Platforms

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City-based proptech RentRedi, which provides a cloud-based rental management platform designed to simplify the renting process for both landlords and tenants, has acquired the housing-focused platforms eRentPayment and PaymentReport. eRentPayment offers...
Trade Groups Ask FHFA to Forgo Rent Control Proposal

Trade Groups Ask FHFA to Forgo Rent Control Proposal

by Phil Hall | Aug 11, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A coalition of 18 national trade associations representing the stakeholders in the housing industry sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents,...
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