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Report: 1 in 5 Homes Sold for More Than Their Original List Price

Report: 1 in 5 Homes Sold for More Than Their Original List Price

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month, 20.5% of homes nationwide – roughly one in five – sold for above their original list price, according to new data from Redfin (NASDAQ: RDFN). This is down from a 22.8% share recorded one year earlier. Nearly two-thirds of transactions (64.2%) were closed...
HGTV Launches Smart Home 2025 Sweepstakes with San Antonio Residence as Grand Prize

HGTV Launches Smart Home 2025 Sweepstakes with San Antonio Residence as Grand Prize

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

HGTV, a brand within the portfolio of Warner Bros. Discovery (NASDAQ: WBD), has launched its HGTV Smart Home 2025 sweepstakes with a newly renovated, fully furnished home in San Antonio, Texas, as a grand prize. According to HGTV, the winner of the sweepstakes will...
New Apartment Development to be Built Near Cornell University

New Apartment Development to be Built Near Cornell University

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ground has been broken on a new apartment development located near Cornell University in Ithaca, New York, that will serve Cornell graduate students, university affiliates, and the greater Ithaca community. The new Theory Ithaca project is developed by PeakMade Real...
FHLB Cincinnati Debuts Hundred Homes Initiative

FHLB Cincinnati Debuts Hundred Homes Initiative

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) has launched the Hundred Homes Initiative, with the goal of offering $5 million in funding to move 100 households living in mobile homes constructed before June 15, 1976, into updated housing. The date was...
Report: Baby Boomers Are the Largest Generational Share of Homebuyers

Report: Baby Boomers Are the Largest Generational Share of Homebuyers

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Baby boomers are largest generational group of homebuyers, according to the National Association of Realtors’ (NAR) 2025 Home Buyers and Sellers Generational Trends report. The combined share of younger boomers (ages 60–69) and older boomers (ages 70–78) rose to 42%...
Faropoint Makes First Los Angeles Industrial Acquisition

Faropoint Makes First Los Angeles Industrial Acquisition

by Phil Hall | Apr 1, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hoboken, New Jersery-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced its first acquisition in the Los Angeles area with the $9.975 million purchase of a multi-tenant industrial building located in Torrance,...
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