Alabama home sales were up for the fourth consecutive month in May, although they were still below the previous year’s level. According to data from the Alabama Association of Realtors, the state recorded 5,209 home sales last month, up by 45 transactions (0.9%) from...
Justin Timberlake has said “Bye Bye Bye” to his nearly 127-acre property outside of Nashville, selling the land at a discounted price. Mansion Global reported the singer/actor sold the property for $8 million, down from his $10 million asking price when it was listed...
A new data analysis by Redfin (NASDAQ:RDFN) has determined only 39% of renters are earning enough to afford the median-priced apartment. During May, the $1,653 median apartment asking rent in May was $47 below its record high. According to the new data analysis, the...
The U.S. Department of the Treasury has announced a new effort to boost housing affordability. According to a press statement from the Treasury, the new initiative will include the launch of a program administered by the CDFI Fund to provide an additional $100 million...
Joe Jaeger, a prominent developer and hotelier in New Orleans, passed away at the age of 77 on June 23 from injuries sustained from a car crash last week. According to combined media reports, Jaeger would often describe himself as “just a plumber from the Ninth...
Home Depot (NYSE:HD) announced that its philanthropic Home Depot Foundation has granted $9 million to provide housing for over 3,400 veterans dealing with homelessness. According to the U.S. Department of Housing and Urban Development, an average of 35,000 veterans...
Hits and Misses for the Real Estate Week of May 11-15
