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Rhode Island’s Median Home Price Hits New High

Rhode Island’s Median Home Price Hits New High

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s housing market recorded a new record high median price of $494,000, according to data from the Rhode Island Association of Realtors (RIAR). Last month’s record high marked an 11.6% increase from one year earlier. While prices were up, sales were down....
Finaya Adds Home Insurance Offering to Platform

Finaya Adds Home Insurance Offering to Platform

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The homeownership and real estate platform Finaya is now offering access to a network of home insurance providers. Consumers using Finaya can select from a marketplace of insurance providers offering standalone or bundled insurance offerings. The platform provides the...
New Data Reports Offer Rival Views of the Rental Housing Markets

New Data Reports Offer Rival Views of the Rental Housing Markets

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two newly published data reports are offering very different views on the best markets for rental housing. Realtor.com’s newly published Top 10 Markets for Rents ranked cities in the South and Midwest highest for their rental affordability, rental availability,...
Bank of Canada Cuts Rates for Second Straight Month

Bank of Canada Cuts Rates for Second Straight Month

by Phil Hall | Jul 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada cut its key policy rate for the second consecutive month, slicing away 25 basis points to achieve a 4.5% level. In announcing the rate cut, the central bank predicted Canadian GDP growth to increase in the second half of 2024 and into 2025, adding...
New Home Sales Down While More Properties Sit on the Market Longer

New Home Sales Down While More Properties Sit on the Market Longer

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in June were at a seasonally adjusted annual rate of 617,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. June’s activity rate was 0.6% below the revised May rate of 621,000...
La Rosa Holdings to Acquire Celebration Corporate Center

La Rosa Holdings to Acquire Celebration Corporate Center

by Phil Hall | Jul 24, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) has entered into a non-binding Letter of Intent to acquire the commercial real estate firm Celebration Corporate Center LLC. The acquisition will be transacted through the company’s wholly owned subsidiary, La Rosa Property...
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