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NAR Publishes Consumer Resource Series on Post-Settlement Practices

NAR Publishes Consumer Resource Series on Post-Settlement Practices

by Phil Hall | Sep 20, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has published a new series of consumer resources designed to help realtors educate homebuyers and sellers to the post Sitzer/Burnett settlement practices. The new series consists of six installments available in English and...
Florida Home Sales and Prices in Decline

Florida Home Sales and Prices in Decline

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida during August totaled 22,675, down 1.1% year-over-year, while existing condo-townhouse sales totaled 7,898, down 14.9% from one year ago, according to data from Florida Realtors. The statewide median sales price...
Homes Sales Up While Inventory Shrinks in New York State

Homes Sales Up While Inventory Shrinks in New York State

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York continued to rise while the state’s housing inventory declined again, according to data from the New York State Association of Realtors. The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. This...
Mortgage Rates Continue to Slide

Mortgage Rates Continue to Slide

by Phil Hall | Sep 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. A year ago at this time, it averaged 7.19%....
Existing Home Sales Down 2.5%

Existing Home Sales Down 2.5%

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down 2.5% from July to August, reaching a seasonally adjusted annual rate of 3.86 million in August, according to new data from the National Association of Realtors (NAR). Year-over-year, sales fell by 4.2% from the 4.03 million sales in...
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

by Phil Hall | Sep 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-based Georgia-Pacific LLC, the pulp and paper company, announced plans to transform its 51-story world headquarters and the surrounding city block into a mixed-use property. The proposed development, scheduled for completion in fall 2027, will include more...
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