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National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

by Phil Hall | Jun 3, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Apartment Association (NAA) has taken President Biden to task for his recent remarks regarding the state of rental housing. During his State of the Union speech in March, Biden boasted that his administration was working to lower rents that were being...
More Renters Are Staying Put Longer

More Renters Are Staying Put Longer

by Phil Hall | May 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found one in six renters (16.6%) stayed in their home for 10 years or more in 2022, up from 13.9% one decade earlier. Furthermore, one in six (16.4%) renters lived in their home for five to nine years in 2022, up from 14% a...
Groundbreaking at Austin-Area Micro-Home Rental Community

Groundbreaking at Austin-Area Micro-Home Rental Community

by Phil Hall | May 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The developer Casata recently hosted a groundbreaking ceremony to launch Casata San Marcos, a 210-unit micro-home rental community located within the greater Austin Metropolitan area in San Marcos, Texas. The development of Casata San Marcos follows the builder’s...
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

by Phil Hall | May 30, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds during this year’s Atlantic Hurricane Season, according to the 2024 Hurricane Risk Report published by CoreLogic. The depth...
Mortgage Application Payments Increased 2.5%

Mortgage Application Payments Increased 2.5%

by Phil Hall | May 30, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants inched up by 2.5% in April to $2,256 from $2,201 in March, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index. Compared to one year ago, the payment level was...
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