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Lennar Unveils Townhome Community in Florida’s Pembroke Park

Lennar Unveils Townhome Community in Florida’s Pembroke Park

by Phil Hall | May 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lennar Corp. (NYSE: LEN) has unveiled Magnolia at Pembroke Park, a new boutique community encompassing 48 townhomes in Pembroke Park, Florida. According to the company, floorplans for the community includes 1,368 square feet of living area with three bedrooms,...
Mortgage Rates Down Slightly, Though Still Elevated

Mortgage Rates Down Slightly, Though Still Elevated

by Phil Hall | May 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates registered a decline in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from last week when it averaged 7.09%. A year ago at this time, it averaged 6.39%. The...
RE/MAX: Spike in New Listings Drive Up April Home Sales

RE/MAX: Spike in New Listings Drive Up April Home Sales

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales during April were up 11.2% from March and up 9% from one year earlier, according to new data from RE/MAX (NYSE:RMAX). The new data reverses the trend of the last two years when April recorded year-over-year sales declines – an 11.2% drop in 2022 and a 29.5%...
Single-Family Housing Starts Down Slightly in April

Single-Family Housing Starts Down Slightly in April

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in April were at a rate of 1.031 million in April, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4% below the revised March figure of 1.035 million. Privately‐owned housing...
Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century

Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The childhood home of National Review founder and influential conservative commentator William F. Buckley Jr. has been listed for the first time since 1923 for $5.5 million. According to a Mansion Global report, the property known as Great Elm in the town of Sharon,...
Real Estate Investors Snagged 19% of Q1 Home Sales

Real Estate Investors Snagged 19% of Q1 Home Sales

by Phil Hall | May 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors purchased approximately 44,000 homes during the first quarter, up 0.5% from one year ago, according to new data from Redfin (NASDAQ: RDFN). And while the uptick is relatively mild, it marks the first increase since the second quarter of 2022....
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