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Ohio Home Sales Inched Up 0.8%

Ohio Home Sales Inched Up 0.8%

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ohio recorded 7,367 home sales during January, a mild 0.8% increase from one year ago. According to data from Ohio Realtors, the average sales price for January reached $274,522, a 7.6% increase from the $255,052 mark posted one year earlier. Statewide, 13 out of 14...
Report: 1 in 7 Pending Home Sales Were Canceled in January

Report: 1 in 7 Pending Home Sales Were Canceled in January

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
La Rosa Holdings Begins Global Expansion with New Presence in Spain

La Rosa Holdings Begins Global Expansion with New Presence in Spain

by Phil Hall | Feb 28, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Celebration, Florida-headquartered La Rosa Holdings Corp. (NASDAQ: LRHC) is launching its first endeavor into international markets with the engagement of Joaquín Nuevo Alarcón as area developer for Spain, effective March 1. Alarcón previously led a 500-agent team as...
Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

Under Armour CEO Lists Maryland Equestrian Estate for $22 Million

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Under Armour (NYSE: UAA) CEO Kevin Plank has listed Sagamore Farm, his 400-acre Maryland equestrian estate for $22 million. The Wall Street Journal reports the property, located about 20 miles northwest of Baltimore, was established around 1925 and was once owned by...
LeFrak Names First Non-Family Executive in 120 Years

LeFrak Names First Non-Family Executive in 120 Years

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The New York City-based real estate development firm LeFrak broke with tradition by naming Adam Silfen to the newly created role of president and chief operating officer, marking the first time in the company’s 120-year history that a non-family member joined its...
Ginnie Mae MBS Portfolio Reached $2.71 Trillion in January

Ginnie Mae MBS Portfolio Reached $2.71 Trillion in January

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ginnie Mae announced its mortgage-backed securities (MBS) portfolio outstanding grew to $2.71 trillion as of January. Ginnie Mae issued $39.8 billion in total MBS last month, resulting in a net portfolio growth of $16.7 billion. Of that amount, $38.4 billion was...
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