Featured Real Estate News
More Than Half of Homes for Sale on the Market for At Least 60 Days
Homes aren’t exactly selling like hotcakes – according to a new data report from Redfin, more than half (52.2%) of February’s home listings were on the market for at least 60 days without going under contract, up from 50.1% one year earlier and the highest share since...
More Than Half of Homes for Sale on the Market for At Least 60 Days
In Miami, nearly two-thirds (62.6%) of home listings are stale, the biggest share of all the major metros. Continue Reading More Than Half of Homes for Sale on the Market for At Least 60 Days
Colonial Era New Jersey Estate That Hosted George Washington Listed for $4 Million
A Colonial Era estate in New Jersey that hosted Revolutionary War leaders including George Washington and the Marquis de Lafayette has been listed for sale at $4 million. NJ.com reports the 47-acre property features a 11,500-square-foot mansion known as Lansdown. The...
Chicago Leaders Preparing for Post-Bears Chapter at Soldier Field
Chicago leaders are quietly formulating plans to reinvent and reanimate Soldier Field in the event the Chicago Bears depart from the historic stadium. Fox 32 Chicago reports the Chicago Park District, a municipal agency, is proposing a $630 million program that would...
Report: 44% More Home Sellers Than Buyers
A new data report from Redfin determined the current housing market had an estimated 44% more home sellers than buyers. This is up from 30% more than one year earlier and represents the second largest gap in records dating back to 2013 – the largest gap was 45% last...
News & Current Events
Stanley Martin Homes Acquires United Homes Group for $221 Million
United Homes focuses on creating attainable single-family homes across high-growth markets in the Southeast. Continue Reading Stanley Martin Homes Acquires United Homes Group for $221 Million
South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans
Opponents of the bill argued it unfairly shifted the property tax burden onto other homeowners without addressing the problems in the state’s property tax system. Continue Reading South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans
Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium
Following the closing of the transaction, Veris’ common stock will no longer be listed on the NYSE. Continue Reading Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium
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Exclusive News
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government
Turner added the American people were “depending on us.” Continue Reading HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
This is the first purchase for Advanced’s new Opportunity Fund (Advanced Fund 24-3). Continue Reading Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
As of last month, The Residences at 1428 is 57% presold. Continue Reading JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
Whitestone did not immediately issue a public comment on the offer. Continue Reading MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
The property’s last owner was financier Gary Winnick, who acquired it in 2000 for $94 million. Continue Reading LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
The brokerage has focused on the District of Columbia, Northern Virginia, and Maryland since 2011. Continue Reading DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire