Featured Real Estate News
Mid-Atlantic Home Sales Down Amid Decline in New Listings
February closed sales totaled 12,618 across the Mid-Atlantic region covered by the Bright MLS service area, down 1.1% year-over-year, while new pending sales were down 0.5% from one year earlier. New listings for the region totaled 15,833, down 11.1% year-over-year,...
Mid-Atlantic Home Sales Down Amid Decline in New Listings
“The outlook for the spring homebuying season in the Mid-Atlantic has become cloudier,” said Bright MLS Chief Economist Lisa Sturtevant. Continue Reading Mid-Atlantic Home Sales Down Amid Decline in New Listings
Dodger Stadium Sells Field Naming Rights to Japanese Brand Uniqlo
For the first time since its opening in April 1962, Dodger Stadium in Los Angeles has reportedly added a corporate sponsor to its official name. Fox 11 Los Angeles reports the baseball venue will soon become known as Uniqlo Field at Dodger Stadium. The Tokyo-based...
California Home Sales and Prices Up in February
Closed escrow sales of existing, single-family detached homes in California reached a seasonally adjusted annualized rate of 274,820 in February, according to data released by the California Association of Realtors (CAR). Last month’s sales were up by 7% from 256,910...
Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
Tempus Realty Partners, a Little Rock, Arkansas-based real estate investment partnership, has acquired an industrial portfolio totaling $22.2 million. The portfolio includes five assets across two properties spanning a total of 311,158 square feet on 23 acres. One...
News & Current Events
Neighborhood Ventures Acquires 86-Unit Phoenix Multifamily Community for $19.5 Million
The acquisition further expands Neighborhood Ventures’ portfolio of Phoenix-area multifamily properties. Continue Reading Neighborhood Ventures Acquires 86-Unit Phoenix Multifamily Community for $19.5 Million
Pending Home Sales Up in February
“The slight gain in pending contracts appears to be driven by improved affordability conditions,” said NAR’s Lawrence Yun. Continue Reading Pending Home Sales Up in February
Canadian Home Sales Declined in February
The non-seasonally adjusted national average home price was $663,828 in February, down by a scant 0.2% from the same month last year. Continue Reading Canadian Home Sales Declined in February
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Mortgage Application Activity Surges by 11%
The FHA share of total applications decreased to 15.8% from 16.1% the week prior. Continue Reading Mortgage Application Activity Surges by 11%
Parkspring Multifamily to Break Ground on 240-Unit Texas Apartment Community
Parkspring Multifamily highlighted Fredericksburg’s growing regional connectivity to Austin and San Antonio. Continue Reading Parkspring Multifamily to Break Ground on 240-Unit Texas Apartment Community
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
Survey: Most Montana Voters Oppose Substituting Property Taxes with a Statewide Sales Tax
Montana is one of five states without a statewide sales tax. Continue Reading Survey: Most Montana Voters Oppose Substituting Property Taxes with a Statewide Sales Tax
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
In addition to his prison term, Brian Socha was also ordered to pay $902,541.15 in restitution for bank fraud. Continue Reading Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
Shayne Farley Becomes CEO at Stellar MLS
Last July, Farley was announced to become the successor to Merri Jo Cowen. Continue Reading Shayne Farley Becomes CEO at Stellar MLS
Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Prior to Wyndham, Sripathi was vice president of finance and capital markets at RLJ Lodging Trust. Continue Reading Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Amazon Acquires Virginia Campus of George Washington University for $427 Million
The deal will allow the university to remain on the property for up to five years as campus-based programs and university offices are relocated. Continue Reading Amazon Acquires Virginia Campus of George Washington University for $427 Million