Existing home sales during May recorded a scant 0.2% uptick from the previous month and a significant 20.4% year-over-year decline, according to data from the National Association of Realtors (NAR). A total of 4.30 million completed took place last month – one year...
A total of 72,960 single-family homes and condominiums were flipped in the first quarter of this year, according to new data from ATTOM. This represented 9% of all sales, compared to 9.4% in the first quarter of 2022 and 8% in the fourth quarter of last year. Among...
Realtor.com has updated its housing forecast for the second half of the year, with predictions for a less onerous mortgage rate level and fewer home sales. The revised forecast points to mortgage rates averaging 6.4% throughout the year before sliding to 6.1% by...
JLL’s (NYSE:JLL) Capital Markets arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-square-foot, mixed-use development adjacent to Harvard University in Allston, Massachusetts. According to the company, the...
The University of Iowa has taken to Realtor.com to list one of its residence halls for sale. According to a report from Inside Higher Education, the 326,000-square-foot building in Iowa City is being offered as a “multi-family” property with 523 furnished rooms, a...
A sprawling mansion in Bel Air, California, has been listed for $250 million – and if it is sold at the listing price, it will become the most expensive single-family residential sale in U.S. history. The Wall Street Journal reported that Casa Encantada twice made...
Hits and Misses for the Real Estate Week of Aug. 24-28
