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Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

by Phil Hall | Jan 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers made a $121,000 profit and a 56.5% return on investment (ROI) for the typical sale in 2023, according to data from ATTOM. Last year’s figures were down from the $122,600 profit and 59.8% ROI recorded in 2022 – the first decline in either category since...
Median Asking Rents Down in December

Median Asking Rents Down in December

by Phil Hall | Jan 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent for 0-2 bedroom properties in the 50 largest metros was $1,713 in December, according to new data from Realtor.com. This is down by $7 (-0.4%) from December 2022 and down $63 (-3.5%) from its July 2022 peak – although it is also $309 (22%)...
Apartments by Marriott Bonvoy Brand to Expand in Three Countries

Apartments by Marriott Bonvoy Brand to Expand in Three Countries

by Phil Hall | Jan 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Marriott International Inc. (NASDAQ: MAR) announced plans to expand its new Apartments by Marriott Bonvoy brand offering through new development agreements in the U.S., Italy and Saudi Arabia. The brand offers premium and luxury apartment-style accommodations where...
More Investment Flowing to Affordable Multifamily

More Investment Flowing to Affordable Multifamily

by Rick Grant | Jan 24, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market

While low income home buyers are still struggling with housing affordability and low housing inventory, multifamily developers are attracting investments that are enabling them to build more apartments. Community Action Partnership in Alabama gets investor A 56-unit...
American Real Estate Association Unveiled as NAR Alternative

American Real Estate Association Unveiled as NAR Alternative

by Phil Hall | Jan 24, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

A pair of high-profile real estate agents have unveiled their effort to directly challenge the National Association of Realtors (NAR) as the trade organization representing their profession. Jason Haber, a New York City-based agent with Compass, and Mauricio Umansky,...
Forecast Projects Increase in Condo Communities During 2024

Forecast Projects Increase in Condo Communities During 2024

by Phil Hall | Jan 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections published by the Foundation for Community Association Research, an affiliate organization of Community Associations...
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