Home prices were up for the 11th consecutive month in the latest data report from the New York State Association of Realtors (NYSAR). Across the Empire State, the median sales price of homes in June was $448,000, up by 8.5% from the $413,000 price in June 2023. This...
The owners of Chicago’s United Center indoor arena announced plans for a $7 billion, 55-acre mixed-use campus around the property that will include housing, a 6,000-seat music hall, a park and pedestrian-friendly spaces. The Chicago Sun-Times reported the plan, dubbed...
Existing home sales plummeted to a six-month low as the median sales price soared to the highest price ever recorded for the second consecutive month, according to data from the National Association of Realtors (NAR). Last month, total existing home sales dropped by...
The private equity real estate firm Prudent Growth Partners LLC has completed its $8 million purchase of the Village Shoppes of Destin, a 28,834-square-foot multi-tenant shopping center located in Destin, Florida. Built in 2007, the property is located within a retail...
The housing market has developed a massive case of cold feet as home purchase transactions are being canceled at a record rate, according to new data from Redfin (NASDAQ:RDFN). During June, Redfin recorded nearly 56,000 home-purchase agreements cancelations, equal to...
Although home price growth was stronger than expected during the second quarter, prices are likely to moderate and close out 2024 and 2025 at annual rates of 6.1% and 3.0%, respectively, according to the July 2024 commentary from the Fannie Mae (OTCQB:FNMA) Economic...
