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New Listing Activity Percolates Across Mid-Atlantic Region

New Listing Activity Percolates Across Mid-Atlantic Region

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listing activity in the Mid-Atlantic region is up 5.5% year-to-date, with active listings at the end of July up 24.7% year-over-year, according to new data from Bright MLS. The median sold price in the Bright MLS service area in July was $420,000, up 5%...
Study: Most Homebuyers Find Properties That Fit Their Size Needs

Study: Most Homebuyers Find Properties That Fit Their Size Needs

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of new single-family homes constructed in the range of 1,600 to 3,000 square feet is tracking closely with the share of buyers seeking homes of that size, according to a data study from the National Association of Home Builders (NAHB) and the U.S....
Study: One-Third of Property Managers Offer Concessions on Rental Housing

Study: One-Third of Property Managers Offer Concessions on Rental Housing

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study from Zillow Group (NASDAQ: Z, ZG) found 33.2% of rental listings on the Zillow platform offer concessions such as free weeks of rent or free parking as an incentive to attractive prospective tenants. This is up slightly from 33% in June and 25.4% one year...
New Study Names Massachusetts as the Best State to Live In

New Study Names Massachusetts as the Best State to Live In

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at WalletHub are back with yet another list, this time with the 2024 edition of The Best States to Live In. For this study, WalletHub compared the 50 states across five key dimensions: housing affordability, the state economy, education and...
$35 Million Listing Breaks Illinois Record

$35 Million Listing Breaks Illinois Record

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 20,000-square-foot limestone mansion on Lake Michigan has broken the record for the most expensive home listing in Illinois. The Wall Street Journal reported the seven-bedroom residence in the Chicago suburb of Winnetka is on the market for $35 million. The 2.3-acre...
Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

by Phil Hall | Aug 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising interest rates were blamed for declining developer confidence in the market for new multifamily housing, according to second quarter data from the National Association of Home Builders (NAHB). The trade group’s newly published Multifamily Market Survey...
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