The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began.
Condos are in demand partly because they’re a comparatively affordable option amid skyrocketing home prices and rising mortgage rates. Single-family home prices hit a record $406,000 in February, up 15.9% year over year and up 34.9% from two years earlier.
Maryland’s Real Property Search system has been taken offline following reports of suspicious activity on state servers. Continue Reading Maryland’s Real Property Search System Taken Offline Amid Cybersecurity Concerns
“The changing workforce composition also coincides with declining self-employment rates in construction, suggesting a shift toward larger firms,” said NAHB’s Natalia Siniavskaia. Continue Reading More White-Collar Jobs in Construction Industry Than Trades Work
Development is slated to begin this summer, with home sales commencing early next year with prices expected to start in the $700,000s. Continue Reading Cole West Closes on 38 Homesites for New Utah Community
“I am extremely proud of the company that we have built at Sila Realty Trust,” stated Michael A. Seton, the company’s president and CEO. Continue Reading Blue Owl Capital Acquires Sila Realty Trust for $2.4 Billion
The newly merged Miami and South Florida Realtors & BeachesMLS will result in a 93,000-member entity. Continue Reading Florida Realtors Group to Merge, Creating New Mega-Association
“Over the past 11 months, we’ve built QXO into a market leader through more than $13 billion of acquisitions, closing on Beacon in 2025 and Kodiak earlier this month,” said QXO Chairman and CEO Brad Jacobs. Continue Reading QXO Acquires TopBuild Corp. for $17 Billion
Report: Land Prices Soared 77% Since the Pandemic
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