Real Estate News & Insights
UMH Properties Acquires Georgia Manufactured Home Community for $2.6 Million
The 43-acre community contains 130 developed homesites, of which 32% are occupied. Continue Reading UMH Properties Acquires Georgia Manufactured Home Community for $2.6 Million
Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Continue Reading Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
AG warns against real estate price gouging in wake of Marshall Fire
Source: The Denver Post --- After receiving reports that some landlords excessively raised their prices after so many Coloradans lost their homes in the Marshall Fire, Attorney General Phil Weiser urged major online real estate marketplace companies to address the...
Exploring Maui’s North Shore: Living In An Agro-Influenced Paradise
Source: Forbes --- There is no shortage of scenic beauty to be found along the coast of the island of Maui. For roughly 120 miles, shores of white, black and red sand beaches run into the powerful waters of the Pacific—some public, some sacred, but all intensely...
Inflation keeping house prices high, even with rising mortgage rates
Source: yahoo!finance --- If you're a homebuyer hoping for a break on home sale prices amid rising mortgage rates, it's likely not happening this year, or next. Aside from record-low inventory, a big culprit for even higher home prices points to inflation. "It'll...
Portland real estate shattered records in 2021, and could do it again this year
Source: Mainebiz --- The Portland residential real estate market broke records for price increases in 2021, driven by suburban single family homes located off the peninsula, new luxury units, urban condos and smaller apartment buildings. And there is no sign of a...
Despite Covid, Miami Shatters Multiple Residential Sales Records in 2021
Source: The World Property Journal--- According to the Miami Association of Realtors, Miami-Dade County real estate posted its best December sales month in history as it ended its historic 2021 with myriad year-end records including the most all-time annual total home...
CVS Health to Invest $6.5 Million in Affordable Housing in Denver
Source: Cision PR Newswire --- WOONSOCKET, R.I., Jan. 21, 2022 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced it will invest $6.5 million with Boston Financial Investment Management to build a 36-unit permanent supportive housing community, known as Charity's...
Fast-moving home sales hit 15-year high last year
Source: Marketplace --- Sales of existing homes hit a 15-year high in 2021, according to the National Association of Realtors. Last year saw about 6.1 million home sales, an 8.5% jump over the previous year. Despite the high volume of sales, inventory has remained...
US broke real estate records in 2021. Here’s where Connecticut stands.
Source: CT Insider --- Connecticut saw a shift from the norm in the 2021 residential real estate industry, as fairly steady prices morphed into a strong sellers’ market, experts said. The change occurred amid a record year for the real estate market nationally. Median...
Here’s How the White House Is Attempting to Help With the Housing Shortage
Source: apartment therapy --- The pandemic has exposed and amplified the effects of unequal access to decent, affordable housing. For many Americans who are already living on the edge, that’s where the government’s nearly $2 trillion Build Back Better bill aims to...
These are the cities where you’re most likely to see a bidding war for your home
Source: Fortune--- New data from Redfin shows that three in five homes faced multiple offers in December. That’s lower than the April highs of nearly 75%, but higher than December 2020’s 54%. And in some cities, the bidding wars are still raging. “Buyers should...
