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Pending Condo Sales Down as Inventory Expands

Pending Condo Sales Down as Inventory Expands

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Worth Clark Realty Acquires Texas Brokerage

Worth Clark Realty Acquires Texas Brokerage

by Phil Hall | Aug 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Worth Clark Realty announced its acquisition of South Estates Realty, a brokerage based in the Dallas-Fort Worth area. South Estates Realty recorded $54 million in sales volume and 157 transactions in 2023. The financial terms of the deal were not disclosed, and the...
Lennar Opens New Master-Planned Community in Texas

Lennar Opens New Master-Planned Community in Texas

by Phil Hall | Aug 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar (NYSE:LEN) announced the opening of Foree Ranch, a new master-planned community located in Providence Village, Texas. Foree Ranch offers 1,450 homesites that can accommodate four of Lennar’s single-family home collections ranging in size from...

Fewer Foreign Buyers Are Purchasing Texas Homes

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers are pulling back from the Texas housing market, according to new data from Texas Realtors. Between April 2023 and March 2024, approximately 6,900 buyers from other countries purchased Texas residential properties. This represented a 30% decline from the...
Hits and Misses for the Real Estate Week of Aug. 5-9

Hits and Misses for the Real Estate Week of Aug. 5-9

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

An office building that sold at a tremendous loss, a community of 3D printed homes and Gavin Newsom cleaning up Los Angeles. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 5-9. Miss: Who Wants to Buy a Cheap Office...
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