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Home Sales and Prices Down in Florida

Home Sales and Prices Down in Florida

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 23,572 in April, down 4.5% year-over-year, while existing condo-townhouse sales totaled 8,710, down 14.8% over the same period. According to data from Florida Realtors, new listings for existing...
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making

Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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,”...
New York State Records 6.2% Drop in Home Sales

New York State Records 6.2% Drop in Home Sales

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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 to Build 1-Gigawatt AI Data Center in Abu Dhabi

OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi

by Phil Hall | May 22, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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...
Mortgage Rates Inch Up

Mortgage Rates Inch Up

by Phil Hall | May 22, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were up in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. A year ago at this time, it averaged 6.94%. The 15-year...
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
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