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Manhattan Average Rents Set New Record at $5,588 Per Month

Manhattan Average Rents Set New Record at $5,588 Per Month

by Phil Hall | Aug 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple is not for the financially faint of heart, as new data from Miller Samuel and Douglas Elliman recorded the average monthly Manhattan rent in July was $5,588, up 9% year-over-year and a new record. Manhattan’s median rent also set a new record...
Gwyneth Paltrow Lists Guesthouse (and Her Presence) on Airbnb

Gwyneth Paltrow Lists Guesthouse (and Her Presence) on Airbnb

by Phil Hall | Aug 3, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Oscar-winning actress Gwyneth Paltrow has taken to Airbnb with a listing of the guesthouse on her $5 million estate in Montecito, California – and she has included herself as part of the amenities. “Booking for my guesthouse opens at 10 a.m. PT on Tuesday, August 15...
Hong Kong Residents Wait an Average of 5.3 Years for Public Housing Apartments

Hong Kong Residents Wait an Average of 5.3 Years for Public Housing Apartments

by Phil Hall | Aug 2, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hong Kong residents in search of an apartment in the city’s public housing system will need to exercise patience – a lot of patience. According to a report in the South China Morning Post, the average waiting time for a Hong Kong public rental unit is 5.3 years....
Guest Opinion: The Toxic Nature of Contracts for Deed

Guest Opinion: The Toxic Nature of Contracts for Deed

by Elizabeth Goodell | Jul 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This article is adapted from written testimony presented before a recent hearing of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development. I am a lawyer who supervises a practice group at Mid-Minnesota Legal Aid in Minneapolis. My practice...

Realtor.com: Rent Prices Down 1% in June

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. residential rent prices were down 1% year-over-year in June, according to new data from Realtor.com. June marked the first year-over-year decrease in rent for one-bedroom units since 2020, following the first such drop in rent for two-bedroom units in May....
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