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Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Inc. (NYSE:TOL) has announced a new phase of home sites is available at its luxury home community Sterling Pointe, located in that Atlanta suburb of Cumming, Georgia. Sterling Pointe offers 64 new homes with two-story single-family home designs....
Ohio Home Sales Inched Up 0.8%

Ohio Home Sales Inched Up 0.8%

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ohio recorded 7,367 home sales during January, a mild 0.8% increase from one year ago. According to data from Ohio Realtors, the average sales price for January reached $274,522, a 7.6% increase from the $255,052 mark posted one year earlier. Statewide, 13 out of 14...
Report: 1 in 7 Pending Home Sales Were Canceled in January

Report: 1 in 7 Pending Home Sales Were Canceled in January

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Under Armour (NYSE: UAA) CEO Kevin Plank has listed Sagamore Farm, his 400-acre Maryland equestrian estate for $22 million. The Wall Street Journal reports the property, located about 20 miles northwest of Baltimore, was established around 1925 and was once owned by...
Mortgage Rates Decline Again

Mortgage Rates Decline Again

by Phil Hall | Feb 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to decline, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27, down from last week when it averaged 6.85%. A year ago at this time, it...
NAR’s Pending Home Sales Index Sinks to All-Time Low

NAR’s Pending Home Sales Index Sinks to All-Time Low

by Phil Hall | Feb 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
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