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Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price

Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price

by Phil Hall | Jun 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has determined the median home-sale price hit a record $396,500 during the four weeks ending June 15, a 1% year-over-year uptick. However, this is roughly $26,000 lower than the median asking price of $422,238. Redfin noted...
2,500-Home Community Planned for Austin Suburb

2,500-Home Community Planned for Austin Suburb

by Phil Hall | Jun 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Red Oak Development Group has announced the launch of Moxie, a new 589-acre interconnected community located south of Austin in Lockhart, Texas. The company plans to bring 2,500 homes to the community, with an estimated 20% of the land dedicated to parks and open...
Home Depot Follows QXO’s Lead with Unsolicited Bid for GMS Inc.

Home Depot Follows QXO’s Lead with Unsolicited Bid for GMS Inc.

by Phil Hall | Jun 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Home Depot (NYSE: HD) has made a surprise bid for the building products distributor GMS Inc. (NYSE: GMS) after Brad Jacobs’ QXO (NYSE: QXO) made a $5 billion unsolicited offer for the Tucker, Georgia-based company. The Wall Street Journal first reported Home Depot’s...
Sara Burack, Agent on ‘Million Dollar Beach House,’ Killed by Hit-and-Run Driver

Sara Burack, Agent on ‘Million Dollar Beach House,’ Killed by Hit-and-Run Driver

by Phil Hall | Jun 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sara Burack, a real estate agent who gained prominence through her appearance on Netflix’s 2020 series “Million Dollar Beach House,” was killed on Thursday morning by a hit-and-run driver in the Hamptons. The New York Post reports the 40-year-old Burack was found...
Jimmy Burgess Named Chief Coaching Officer at HomeServices of America

Jimmy Burgess Named Chief Coaching Officer at HomeServices of America

by Phil Hall | Jun 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

HomeServices of America, a division of Warren Buffett’s Berkshire Hathaway (NYSE: BRK), has named Jimmy Burgess to the newly created national role of chief coaching officer. According to the Minneapolis-based company, Burgess will lead the design and implementation of...
Pacaso Expands into the Italian Market

Pacaso Expands into the Italian Market

by Phil Hall | Jun 20, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Pacaso, the San Francisco-headquartered marketplace for co-owned luxury vacation homes, has expanded its European presence into Italy with the addition of new homes in Florence, Milan and Rome. In a statement, the company said that it can “provide financing options...
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