Connecticut’s severe lack of housing supply has been a situation several decades in the making, according to a new report from the Connecticut Business and Industry Association (CBIA). The report, titled “The Economic Impact of Connecticut’s Housing Shortage,”...
Closed sales of homes in New York State totaled 6,968 last month, a 6.2% decline from the 7,428 homes sold in April 2024. According to data from the New York State Association of Realtors, pending sales inched up to 9,565 sales in April from 9,471 recorded on year...
OpenAI is partnering with the United Arab Emirates (UAE) firm G42 to construct a 1-gigawatt artificial intelligence (AI) data center in Abu Dhabi. The new project, dubbed Stargate UAE, will be OpenAI’s first data center project outside of the United States. The first...
The Chicago suburb of Dolton, Illinois, has threatened to use eminent domain to seize the childhood home of Pope Leo XIV, which is scheduled to go up for auction next month. The Chicago Sun-Times the property is slated to be auctioned on June 18 by Paramount Realty...
Existing home sales during April dropped by 0.5% from March to a seasonally adjusted annual rate of 4.00 million in April, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales were down by 2.0% from 4.08 million in...
The Appraisal Institute’s national board has voted to remove Craig Steinley as vice president following a New York Times report that he was accused of sexual harassment by a dozen women. The New York Times reported the organization said it national board was “acting...
Hits and Misses for the Real Estate Week of May 4-8
