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Redfin: 1 in 10 Homes are Worth $1 Million or More

Redfin: 1 in 10 Homes are Worth $1 Million or More

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in 10 U.S. homes are worth $1 million or more, according to new data from Redfin (NASDAQ:RDFN). “The supply shortage is making many listings feel hot,” said Redfin Economics Research Lead Chen Zhao. “In most of the country, expensive properties that are in...
Mid-Atlantic Region’s Median Home Price at $400,000

Mid-Atlantic Region’s Median Home Price at $400,000

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The July median home price in the Mid-Atlantic region – defined as Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania, Virginia and West Virginia – was $400,000, up 3.9% year-over-year and the strongest price growth since January. According to data...
Iconic Goodyear Sign Restored to Company’s Former Akron HQ Site

Iconic Goodyear Sign Restored to Company’s Former Akron HQ Site

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Goodyear (NASDAQ: GT) has partnered with the Akron, Ohio-based nonprofit The Well CDC to revitalize the iconic Goodyear sign that shines over the company’s former Akron headquarters, which is now the mixed-use development Goodyear Hall. The Goodyear sign has not...
Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Truist Financial Corp. (NYSE: TFC) and Truist Foundation announced a $15 million program to support affordable housing in North Carolina. According to Charlotte-headquartered company, there will be a $15 million equity investment from Truist Community Capital in the...
Proptech RentRedi Acquires Two Property Management Platforms

Proptech RentRedi Acquires Two Property Management Platforms

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City-based proptech RentRedi, which provides a cloud-based rental management platform designed to simplify the renting process for both landlords and tenants, has acquired the housing-focused platforms eRentPayment and PaymentReport. eRentPayment offers...
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