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RE/MAX: Home Sales Up for Fourth Consecutive Month

RE/MAX: Home Sales Up for Fourth Consecutive Month

by Phil Hall | Jun 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homes sales during May marked the fourth consecutive month of increases, up 8.6% from April, according to data from RE/MAX. However, May sales were also 3.5% lower year-over-year. Across the 52 metro areas surveyed for RE/MAX’s report, the number of homes for sale...
Bing Crosby’s Northern California Estate Sells at Discounted $25 Million

Bing Crosby’s Northern California Estate Sells at Discounted $25 Million

by Phil Hall | Jun 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Northern California estate that was once the home of the legendary singer and actor Bing Crosby was sold for $25 million, down considerably from its original asking price of $40 million. According to combined media reports, the French chateau-style residence in...
Manhattan’s Rental Market Breaks New Price Record

Manhattan’s Rental Market Breaks New Price Record

by Phil Hall | Jun 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Manhattan’s rental housing market set new records in May with rents averaging $4,571, up 1.6% month-over-month and up 7.6% year-over-year, according to data from the brokerage Douglas Elliman Inc. (NYSE: DOUG). May was the third time in the past four months when...
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A 25,000-square-foot retail property in Jamison, Pennsylvania, has been sold for $12.17 million. The property, located at the intersection of Route 263 and York Road, is occupied by a Wawa convenience store and gas station and a Tractor Supply center. The site also...
Builder Confidence Sinks to Lowest Level Since December 2022

Builder Confidence Sinks to Lowest Level Since December 2022

by Phil Hall | Jun 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder sentiment sank this month to its lowest reading since December 2022 and its third lowest since 2012. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built...
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