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Champion Homes Debuts Manufactured Duplex Series

Champion Homes Debuts Manufactured Duplex Series

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Troy, Michigan-based Champion Homes Inc. (NYSE: SKY) has unveiled the Concord Duplex, its first national manufactured duplex series. The series offers a selection of floor plans ranging from 576-square-foot, one-bedroom / one-bathroom units to 960-square-foot,...
Modular Housing Firm Boxabl Reserves Nasdaq Symbol

Modular Housing Firm Boxabl Reserves Nasdaq Symbol

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Las Vegas-headquartered modular housing manufacturer Boxabl has reserved the Nasdaq stock ticker symbol “BXBL.” The company announced its final funding round on StartEngine will close on March 29, although the offering will remain open through...
Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass

Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Rick Caruso, the Los Angeles real estate developer who ran as the Republican candidate against Democrat Karen Bass in the 2022 mayoral election, has voiced his opposition to the ongoing recall effort to oust Bass from City Hall. The recall effort was launched last...
Existing Home Sales Up 4.2% in February

Existing Home Sales Up 4.2% in February

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales jumped 4.2% from January to February, reaching a seasonally adjusted annual rate of 4.26 million in February. According to data from the National Association of Realtors (NAR), year-over-year sales were down by 1.2% from 4.31 million in February...
Home Flipping Activity Declines, Gross Profits Rise

Home Flipping Activity Declines, Gross Profits Rise

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 297,885 single-family homes and condos were flipped in 2024, according to data from ATTOM. This is a 7.7% decline from the 322,782 flips in 2023 and a 32.4% from a recent peak of nearly 441,000 reached in 2022. Only 7.6% of home sales in 2024 were flips,...
Bank of England Keeps Rates in Place

Bank of England Keeps Rates in Place

by Phil Hall | Mar 20, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of England has followed the lead of the Federal Reserve by holding rates steady. The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%, with one dissenter seeking a 0.25 percentage point cut. In announcing its decision,...
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