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Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
The retail aspect of the property is anchored by Whole Foods, Life Time Fitness, Starbucks and Chase Bank. Continue Reading Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
The retail aspect of the property is anchored by Whole Foods, Life Time Fitness, Starbucks and Chase Bank. Continue Reading Mixed-Use Development in Affluent NYC Suburb Sells for $76.5 Million
Builder Confidence Rises Despite Market Challenges
There was a new rush of optimism in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which found builder confidence at a 37 level, up five points from September and the highest reading since April. Readings over 50...
Q3 Home Sales Profits Near 50% Margin
Homeowners, on average, made a 49.9% profit selling single-family homes and condos during the third quarter, up from a 49.3% profit margin in the previous quarter but down from the 55.4% average profit in the third quarter of 2024. The profit margin is the percent...
NYC Median Rent Up 5.4% from Last Year
The median asking rent in New York City reached $3,599 during the third quarter, up 5.4% from one year ago, according to the latest NYC Rent Report from Realtor.com. The current median rent for the city’s residents is now 20.2% higher than it was prior to the...
NEWS & CURRENT EVENTS
California Home Sales Edged Up During August
The statewide median home price hit $899,140 in August, up by 1.7% from the prior month and up 1.2% from one year before. Continue Reading California Home Sales Edged Up During August
Pennsylvania Home Sales Hold Steady
The median home sales price rose 6.4% to $319,250 in August, up from $300,000 one year earlier. Continue Reading Pennsylvania Home Sales Hold Steady
Matthew Abrusci Named EVP and General Counsel at Freddie Mac
He was previously general counsel at Mitsubishi UFJ Financial Group (MUFG) Americas. Continue Reading Matthew Abrusci Named EVP and General Counsel at Freddie Mac
Housing Supply Drops to 2-Year Low
Redfin attributed the decline to sellers responding to sluggish homebuyer activity, with sales far below pre-pandemic levels. Continue Reading Housing Supply Drops to 2-Year Low
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Century 21 in New Partnership with The Institute for Luxury Home Marketing
The new partners have launched a co-branded quarterly report that provides market data on the luxury home market. Continue Reading Century 21 in New Partnership with The Institute for Luxury Home Marketing
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Five of the 10 markets with the highest required incomes to afford a home are in California. Continue Reading Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Florida Real Estate Broker Sentenced in Bank Fraud Case
Maria Del Carmen Montes was indicted in August 2022 and pleaded guilty in January 2024 to three counts of bank fraud. Continue Reading Florida Real Estate Broker Sentenced in Bank Fraud Case
Kohl’s Fires CEO Over ‘Undisclosed Conflicts of Interest’
Ashley Buchanan joined Kohl’s in January after serving as CEO of Michaels Companies. Continue Reading Kohl’s Fires CEO Over ‘Undisclosed Conflicts of Interest’
New Rent Hikes Coming to NYC’s Stabilized Apartments
The rent hikes will take effect on or after Oct. 1. Continue Reading New Rent Hikes Coming to NYC’s Stabilized Apartments
Texas Title Company Employee Sentenced for Wire Fraud Scheme
In addition to her prison term, she was also ordered to pay $350,000 in restitution. Continue Reading Texas Title Company Employee Sentenced for Wire Fraud Scheme
Brent Consedine Named President at Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties encompasses more than 2,200 sales associates in 42 offices. Continue Reading Brent Consedine Named President at Berkshire Hathaway HomeServices California Properties
A Phil Hall Op-Ed: Will Mark Carney Make Canada’s Housing Crisis Worse?
Editor Phil Hall worries that Canada’s newly elected prime minister’s housing market solutions will create new problems. Continue Reading A Phil Hall Op-Ed: Will Mark Carney Make Canada’s Housing Crisis Worse?
CMBS Delinquency Rate Surges Above the 7% Mark
One year ago, the CMBS delinquency rate was 5.07%. Continue Reading CMBS Delinquency Rate Surges Above the 7% Mark
Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case
The new case involves Grace New England, which operates as a home-based church on a five-acre private property in Weare, New Hampshire. Continue Reading Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case
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