Existing home sales jumped 4.2% from January to February, reaching a seasonally adjusted annual rate of 4.26 million in February. According to data from the National Association of Realtors (NAR), year-over-year sales were down by 1.2% from 4.31 million in February...
A total of 297,885 single-family homes and condos were flipped in 2024, according to data from ATTOM. This is a 7.7% decline from the 322,782 flips in 2023 and a 32.4% from a recent peak of nearly 441,000 reached in 2022. Only 7.6% of home sales in 2024 were flips,...
The Bank of England has followed the lead of the Federal Reserve by holding rates steady. The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%, with one dissenter seeking a 0.25 percentage point cut. In announcing its decision,...
Jonathan Lamore, a former CEO of the real estate investment and management firm Arciterra Companies LLC, was sentenced to five years in prison for manipulating the stock price of WeWork Inc. with a fake tender offer designed to fraudulently inflate the value of his...
Morris Davis, the Paul V. Profeta Chair of Real Estate and academic director of the Center for Real Estate at Rutgers Business School, was appointed to the White House Council of Economic Advisers (CEA) as the nation’s chief housing economist. In his new role at the...
Hits and Misses for the Real Estate Week of June 22-26
