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Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

by Phil Hall | May 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners did not receive a vote of confidence from Elon Musk, who predicted the nation’s home values will be collapsing sooner rather than later. The Tesla (NASDAQ:TSLA) chieftain offered his doom-and-gloom prophecy on Twitter in response to comments made...
S&P Case-Shiller: Home Prices Are Rising Again

S&P Case-Shiller: Home Prices Are Rising Again

by Phil Hall | May 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the S&P CoreLogic Case-Shiller Indices show a continued recovery for U.S. housing prices, with all 20 major metro markets tracked for analysis reporting month-over-month price increases. The U.S. National Index posted a 1.3% month-over-month...
New Investment Platform Focuses on Manufactured Housing Communities

New Investment Platform Focuses on Manufactured Housing Communities

by Phil Hall | May 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Madison Ventures+ (MV+), a private/venture equity firm based in West Palm Beach, Florida, has unveiled M2 Communities (M2C), an investment platform focused on manufactured housing communities. The company has teamed with San Diego-based Muskoka Capital Partners on the...
Study: Increased Home Construction Will Fuel Furniture Sales

Study: Increased Home Construction Will Fuel Furniture Sales

by Phil Hall | May 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. home furniture market is predicted to grow by $13.32 billion over the next four years, a 3.7% compound annual growth rate, according to a new forecast by Technavio. “Improving residential construction market is notably driving the U.S. home furniture market...
OUCH! US Homeownership Rate at Lowest Level Since 1970

OUCH! US Homeownership Rate at Lowest Level Since 1970

by Phil Hall | May 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
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