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Alabama Home Sales Up, Reversing Three-Month Decline

Alabama Home Sales Up, Reversing Three-Month Decline

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded 5,168 home sales during November, a 5.9% upswing from October and the first increase after three consecutive months in decline. However, the Alabama Association of Realtors also reported sales were down 2.5% from one year earlier. The state recorded...
New York State Housing Inventory at 8-Month Low

New York State Housing Inventory at 8-Month Low

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two words for buyers looking for homes in New York State: good luck! According to data from the New York State Association of Realtors, the inventory of homes for sale across the state dropped to the lowest point since March – only 26,152 units were available last...
Wisconsin Home Sales Inched Up in November

Wisconsin Home Sales Inched Up in November

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wisconsin’s existing home sales inched up 1.7% year-over-year in November, with 5,508 transactions last month compared to 5,447 one year earlier. On a year-to-date basis, home sales were up 4.1% compared to the January-through-November period in 2023 According to data...
116-Unit Connecticut Multifamily Complex Sells for $14.1 Million

116-Unit Connecticut Multifamily Complex Sells for $14.1 Million

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rye Brook, New York-headquartered National Multifamily Corp. announced the sale of a 116-unit apartment complex located in Bridgeport, Connecticut, to a New York-city based investor for $14.1 million, or $121,552 per unit. The property had been held by the same family...
FCP Acquires 250-Unit Florida Multifamily Community

FCP Acquires 250-Unit Florida Multifamily Community

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

FCP, a Chevy Chase, Maryland-headquartered real estate investment firm, has acquired the Alexan Miramar Apartments, a newly constructed 250-unit multifamily community in Miramar, Florida. The Alexan Miramar offers studio, one-, two-, and three-bedroom apartments, with...
Trinity Investments Acquires Historic Seattle Hotel

Trinity Investments Acquires Historic Seattle Hotel

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Trinity Investments, a Los Angeles-headquartered real estate investment firm, has acquired Seattle’s historic Fairmont Olympic Hotel. The 450-room luxury hotel opened in 1924 and spans an entire block of Downtown Seattle. The hotel features five dining offerings,...
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