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California Home Sales Record Largest Yearly Increase in Over Three Years

California Home Sales Record Largest Yearly Increase in Over Three Years

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California home sales during November marked the largest yearly increase in existing home sales since June 2021, although the level was still below the pre-Covid levels. According to new data from the California Association of Realtors (CAR), closed escrow sales of...
Canadian Home Sales Rise by Nearly 3%

Canadian Home Sales Rise by Nearly 3%

by Phil Hall | Dec 19, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s home sales during November were up 2.8% from the prior month and up 26% from one year earlier, according to data from the Canadian Real Estate Association (CREA). Last month’s sales are now a cumulative 18.4% above where they were in May, just before the Bank...
NAR Hires Advertising Agency to Help Improve Its Image

NAR Hires Advertising Agency to Help Improve Its Image

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has hired the advertising agency Uncommon Creative Studio to help recalibrate its image in the wake of a year’s worth of negative publicity. Ad Age reported that Uncommon – which has offices in New York City, London and...
RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The future Robert F. Kennedy Memorial (RFK) Stadium in Washington, DC, was thrown into uncertainty when the congressional Continuing Resolution was abruptly pulled from consideration. WJLA.com reported the DC Robert F. Kennedy Memorial Stadium Campus Revitalization...
Report: Home Affordability Worsened in Q4

Report: Home Affordability Worsened in Q4

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from ATTOM has determined that median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 98% of counties (556 out of 566) with enough data to analyze. The counties with the largest...
Real Estate Developer Sentenced for Role in Chicago Bank Failure

Real Estate Developer Sentenced for Role in Chicago Bank Failure

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....
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