The New York City-based private-equity firm KKR (NYSE: KKR) has acquired a portfolio of 18 multifamily properties across multiple states for $2.1 billion. The Wall Street Journal reported the acquisition encompasses more than 5,200 apartment units in newly built mid-...
The latest Case-Shiller data points to a housing market where prices continue set record highs. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3% annual gain in April, down from 6.5% the previous month. The 10-City Composite annual...
A Phil Hall Op-Ed: This Thursday, President Joe Biden and former President Donald Trump will appear at their first presidential debate of the 2024 election. Curiously, I was not asked to serve as a moderator for the event – oh well, those things happen. But if I was...
Alabama home sales were up for the fourth consecutive month in May, although they were still below the previous year’s level. According to data from the Alabama Association of Realtors, the state recorded 5,209 home sales last month, up by 45 transactions (0.9%) from...
A new data analysis by Redfin (NASDAQ:RDFN) has determined only 39% of renters are earning enough to afford the median-priced apartment. During May, the $1,653 median apartment asking rent in May was $47 below its record high. According to the new data analysis, the...
The U.S. Department of the Treasury has announced a new effort to boost housing affordability. According to a press statement from the Treasury, the new initiative will include the launch of a program administered by the CDFI Fund to provide an additional $100 million...
Hits and Misses for the Real Estate Week of April 27-May 1
