US mortgage holders carried a record $17.6 trillion in home equity at the end of the first quarter, according to a data report from ICE Mortgage Technology. Of that amount, $11.5 trillion was considered “tappable” (available for borrowing while maintaining at least a...
A total of $698 billion worth of US homes are listed for sale as of April, according to new data from Redfin (NASDAQ: RDFN). This marks a 20.3% increase from one year ago and the highest dollar amount recorded since Redfin began tracking this data in 2012. This new...
Realty One Group International has opened its first office in Dominican Republic. Sergio Gonzalez, who currently holds the master franchise rights for five of the company’s Central American and Caribbean markets – Costa Rica, Panama, Belize, Jamaica and the Grand...
National Multifamily Corp. announced the sale of a six-unit multifamily property in Greenwich, Connecticut, for $2.07 million, or $344,167 per unit. Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the...
The Egyptian government has unveiled a plan to create a new city in a desert area west of Cairo. Reuters reports the 1,680-acre city is to be named Jirian, meaning “flow” in Arabic, and will be built along a new canal connected to the Nile River. The canal will serve...
Florida’s governor says no to public financing of a stadium, Iowa’s governor says yes to bringing down property taxes, and Kamala Harris says something (we’re not sure what) at an Australian real estate conference. From the wild and wooly world of real estate, here...
Hits and Misses for the Real Estate Week of June 22-26
