The multifamily real estate investment firm Southeast Property Group has acquired a two-property, 328-unit apartment portfolio in Jacksonville, Florida, for $20.3 million. The properties were acquired from the Chetrit Group, which originally acquired them as part of...
Virginia Housing announced the appointment of Tammy Neale as CEO, effective April 1. Neale replaces Susan Dewey, who retired from the Richmond-based housing authority at the end of 2023, and Janet Wiglesworth, who served as the interim CEO since Jan. 1. Neale joined...
Single‐family housing starts in February were at a rate of 1.12 million, according to new data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. This is 11.6% above the revised January figure of 1.01 million. Privately‐owned housing...
Following Friday’s announcement of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Barnett lawsuit and its pledge to change its commission structure in the home sale process, a lot of people had the overwhelming urge to voice their...
Builder confidence in the market for newly built single-family homes climbed three points to 51 in March, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This is the highest level since July 2023, as...
The prices for existing Canadian homes were flat in February, ending a declining streak that began last fall. According to the Canadian Real Estate Association (CREA), nationwide home sales in February were down by 3.1% from January. The actual (not seasonally...
Mortgage Rates Take a Mild Tumble
