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New York State Home Sales Down 22.5%

New York State Home Sales Down 22.5%

by Phil Hall | Oct 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed home sales across New York State in September totaled 9,564 transactions, a 22.5% decline from the 12,335 sales in September 2022. According to data from the New York State Association of Realtors, pending sales were also down – 9,232 units last month, an 8.1%...
Teresa Holmes Named VP of Operations at The Bainbridge Companies

Teresa Holmes Named VP of Operations at The Bainbridge Companies

by Phil Hall | Oct 20, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The Bainbridge Companies LLC, a Wellington, Florida-based multifamily-focused real estate firm, has hired Teresa Holmes as vice president of operations. In her new role, Holmes will oversee the daily operations of a real estate portfolio throughout the Southeast and...
Need to Give a Wedding Present? How About ‘Home Funds’?

Need to Give a Wedding Present? How About ‘Home Funds’?

by Phil Hall | Oct 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s brides and grooms are less interested in receiving material goods as wedding gifts and would be more receptive to “home funds” to be used for the purchase of their first house. According to a new analysis conducted by Zillow Home Loans and The Knot, the share...
Prefab Housing Provider Connect Homes to Open Arizona Factory

Prefab Housing Provider Connect Homes to Open Arizona Factory

by Phil Hall | Oct 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Los Angeles-headquartered Connect Homes, a prefab housing provider, announced plans to open opening a new factory in Mesa, Arizona, during the first quarter of 2024. The new factory will be the second facility in Connect Homes’ portfolio and is designed to...
Profit Margins on Home Sales Up During Q3

Profit Margins on Home Sales Up During Q3

by Phil Hall | Oct 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Profit margins on median-priced single-family home and condo sales increased from 56.6% in the second quarter to 59% in the third quarter, according to data from ATTOM. This represented the second straight quarterly increase following several declines. ATTOM also...
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