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Wider Inventory Helps Boost Virginia Home Sales

Wider Inventory Helps Boost Virginia Home Sales

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An expanded housing inventory helped fuel an increase in home sales across Virginia in July, according to new data from Virginia Realtors. Last month saw the sale of 9,947 homes across the state, an influx of 962 sales from one year before that resulted in a 10.7%...
Alabama Records Sixth Straight Month of Rising Home Sales

Alabama Records Sixth Straight Month of Rising Home Sales

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded its sixth consecutive month of rising home sales in July, according to the Alabama Association of Realtors (AAR). Last month, the state recorded 6,136 home sales, up 13.1% from June and up 0.9% increase from July 2023. This also marked the first month...
Utah Files Lawsuit Challenging Federal Control Over Most BLM Land

Utah Files Lawsuit Challenging Federal Control Over Most BLM Land

by Phil Hall | Aug 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The State of Utah filed a public lands lawsuit seeking the U.S. Supreme Court’s input on whether the federal government can indefinitely hold unappropriated lands within the state. The federal government currently controls nearly 70% of the land in Utah. According to...
Jeremy Cramer Named Head of California CRE Lending at IDB Bank

Jeremy Cramer Named Head of California CRE Lending at IDB Bank

by Phil Hall | Aug 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

IDB Bank, a New York City-based private and commercial bank and a wholly owned subsidiary of Israel Discount Bank Ltd., announced the appointment of Jeremy Cramer as its new senior vice president and head of California commercial real estate. In his new position,...
Study: Homeowners Are Less Likely to Move Than Renters

Study: Homeowners Are Less Likely to Move Than Renters

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 11.21% of Americans – 35.7 million – moved within a year of the most recent American Community Survey in 2022, according to a data analysis published by LendingTree. As for those who moved, 79.29% stayed in the same state. Among those who moved, 53.93% relocated...
Fannie Mae: Home Sales to Stay Weak Deep Into 2025

Fannie Mae: Home Sales to Stay Weak Deep Into 2025

by Phil Hall | Aug 21, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total home sales are expected to come in lower than previously expected through the rest of this year and will not pick up meaningfully until further into in 2025, according to a new forecast from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research Group. The...
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