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Florida Home Sales Down Nearly 2% in 2024

Florida Home Sales Down Nearly 2% in 2024

by Phil Hall | Jan 24, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida closed 2024 with 252,688 closed sales of existing single-family homes, down 1.9% compared to the 2023 year-end level, according to data from Florida Realtors. For existing condo-townhouses, a total of 94,380 units sold statewide last year, down 10.5% compared...
Forecast: Construction Industry Needs 439,000 Workers in 2025

Forecast: Construction Industry Needs 439,000 Workers in 2025

by Phil Hall | Jan 24, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new forecast by the Associated Builders and Contractors (ABC) is estimating that an estimated 439,000 net new workers are needed this year to meet anticipated demand for construction services. The forecast also predicted the construction industry will need to bring...
Wyoming Lawmakers Consider Property Tax Exemption for Gold Star Families

Wyoming Lawmakers Consider Property Tax Exemption for Gold Star Families

by Phil Hall | Jan 24, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Wyoming legislature is considering a bill that would provide a property tax exemption to Gold Star families. WyomingNews.com reports that Senate File 102 would extend the existing veterans’ $6,000 property tax exemption to the parents of a veteran who died while...
Liberty SBF Launches $100 Million Real Estate Credit Fund

Liberty SBF Launches $100 Million Real Estate Credit Fund

by Phil Hall | Jan 24, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Liberty SBF, a Los Angeles-headquartered alternative lender, has launched Liberty Credit Opportunities Fund I LP, with a target raise of $100 million to be focused on small balance commercial real estate credit opportunities in owner user / SBA loans and multifamily...
Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary

Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary

by Phil Hall | Jan 24, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Senate Committee on Banking, Housing, and Urban Affairs voted along party lines 13-11 to advance President Trump’s nomination of Scott Turner to become the next Secretary of Housing and Urban Development (HUD), despite efforts by Ranking Member Sen. Elizabeth...
Existing Home Sales Up in December

Existing Home Sales Up in December

by Phil Hall | Jan 24, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales ended 2024 in an upswing, according to data from the National Association of Realtors (NAR). Total existing home sales rose by 2.2% from November to a seasonally adjusted annual rate of 4.24 million in December. Year-over-year, sales were up 9.3%...
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