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Illinois Home Sales Decline While Housing Inventory Grows

Illinois Home Sales Decline While Housing Inventory Grows

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 11,308 single-family homes and condominiums were sold in Illinois during April, which marked a 3.4% drop from the 11,705 homes sold one year earlier. According to data from Illinois Realtors, the dip in home sales was seesawed by a rise in inventory – the...
Alabama Home Sales Dropped in April

Alabama Home Sales Dropped in April

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded 5,791 home sales during April, down 6.8% from the prior month but up 10.8% from one year earlier. According to data from the Alabama Association of Realtors (AAR), the state had 19,144 active listings at the end of April, a 27% upswing compared to the...
New York Real Estate Broker Arrested for Forgery and Identity Theft

New York Real Estate Broker Arrested for Forgery and Identity Theft

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

An upstate New York real estate broker was arrested on multiple charges related to forgery and identity theft. CBS 6 Albany reports Jean Maloney, the owner of 21st Century Properties and Hanks Hollow Realty, was hired by a business in Halfmoon, New York, to manage its...
Penn State to Close 7 Campuses

Penn State to Close 7 Campuses

by Phil Hall | May 23, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The board of trustees at Pennsylvania State University has approved a plan to close seven of its campuses after the spring of the 2026-27 academic year while continuing to invest in the 13 remaining locations. The board voted 25 to 8 to close the DuBois, Fayette, Mont...
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,”...
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