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New Listings and Median Home Prices Up in Florida, But Sales Are Down

New Listings and Median Home Prices Up in Florida, But Sales Are Down

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded 26,252 closed sales of existing single-family homes statewide in May, down by a slight 0.5% year-over-year, while existing condo-townhouse sales totaled 10,415, a more substantial year-over-year decline of 8.6%, according to data from Florida...
New York State Home Sales Continue to Decline

New York State Home Sales Continue to Decline

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One month after New York State recorded a rare uptick in home sales, the market returned to its long-running decline in transactions. According to data from the New York State Association of Realtors, closed sales during May were down by 4.1%, from 8,826 homes in May...
Existing Home Sales Slip Despite Stronger Inventory

Existing Home Sales Slip Despite Stronger Inventory

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales dipped by 0.7% in May to a seasonally adjusted annual rate of 4.11 million, according to new data from the National Association of Realtors (NAR). Sales were down 2.8% from the 4.23 million recorded in May 2023. As the sales level slipped, prices...
Cityview Acquires Bay Area Multifamily Complex

Cityview Acquires Bay Area Multifamily Complex

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

Cityview, a multifamily investment management and development firm, has acquired Tralee Village Apartments in the Bay Area city of Dublin, California. The financial terms of the deal were not disclosed. Built in 2011, Tralee Village Apartments encompasses two...
Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

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

Affordability issues for homeowners and renters are creating an economic crisis that is not being easily solved with new construction, according to “The State of the Nation’s Housing 2024” report published by the Joint Center for Housing Studies of Harvard University....
Wisconsin Home Sales Up by 11%

Wisconsin Home Sales Up by 11%

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

Home sales in Wisconsin during May were up by 11% year-over-year, according to new data from the Wisconsin Realtors Association (WRA). Last month, Wisconsin recorded 6,566 home sales, compared to 5,917 sales in May 2023. Wisconsin buyers had a greater selection of...
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