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Investors are Still Flipping Houses, But Profits are Down

Investors are Still Flipping Houses, But Profits are Down

by Leora Ruzin | Mar 23, 2023 | Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 % from 357,666 in 2021, and...
Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps

Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps

by Leora Ruzin | Mar 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what was deemed a “game-time decision” by Fed Chair Jerome Powell, the FOMC has opted to raise the Federal Funds Rate by .25%, or 25 bps, according to the statement released today. The target FFR is now 4.75-5%, which is now the highest it has been since 2007. The...
Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels

Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels

by Leora Ruzin | Mar 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released by the MIAMI...
A New Luxury Apartment Community is Coming to Norwalk, CT

A New Luxury Apartment Community is Coming to Norwalk, CT

by Leora Ruzin | Mar 22, 2023 | Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers, Inc. a national builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company LLC have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn....
Real Estate Mobile App wins ADDY Awards

Real Estate Mobile App wins ADDY Awards

by Leora Ruzin | Mar 22, 2023 | Industry Updates, WRE News Exclusive

Revive, a presale home renovation solution for sellers, is the winner of two ADDY Awards, a national award program for the advertising industry. The company received a Silver ADDY for its Revive Real Estate Mobile App and a Bronze ADDY for its website from the...
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