U.S. Housing Market Updates
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ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
The development will feature more than 3.5 acres of retail pad sites, which are available for ground lease. Continue Reading ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
This is the second ongoing effort to put property tax reform on the Nebraska ballot. Continue Reading New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Bethenny Frankel Sells Connecticut Estate for $7.83 Million
The estate, known as Applejack Farm, was originally built in 1743 and was once the home for Connecticut’s governor Lowell Weicker. Continue Reading Bethenny Frankel Sells Connecticut Estate for $7.83 Million
Real Estate Investor Selling Hit Record High in 2024
Regionally, Missouri (21.2%), Oklahoma (18.7%), and Kansas (18.4%) had the highest investor buyer share in 2024. Continue Reading Real Estate Investor Selling Hit Record High in 2024
Mortgage Application Activity Up 12.5%
The Refinance Index increased 16% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 12.5%
Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale
“The properties represent 11% of the total market-rate housing stock in Thousand Oaks,” said Kevin Green, IPA executive managing director investments. Continue Reading Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale
Builder Confidence Rises for First Time in Four Months
NAHB Chairman Alicia Huey said, “Boosting new home production is the best way to ease the affordability crisis, expand housing inventory and lower inflation.” Continue Reading Builder Confidence Rises for First Time in Four Months
Study: Self Storage Industry Being Impacted by Housing Market’s Headwinds
The report found the asking rates for same-store climate-controlled units fell in all major metros. Continue Reading Study: Self Storage Industry Being Impacted by Housing Market’s Headwinds
Hits and Misses for the Real Estate Week of Dec. 11-15
This week’s Hits and Misses include the Fed’s mixed messaging, Dolly Parton’s embrace of commercial real estate and startling new data on homelessness. Continue Reading Hits and Misses for the Real Estate Week of Dec. 11-15
Rod Stewart Hikes Price on Beverly Hills Mansion to $80 Million
Some of Stewart’s neighbors include Denzel Washington, Justin Bieber and Barry Bonds. Continue Reading Rod Stewart Hikes Price on Beverly Hills Mansion to $80 Million
Construction Starts on New Affordable Housing Community in San Antonio
The first Nova Loft units will be ready for leasing January 2025 and the entire development is slated for completion by April 2025. Continue Reading Construction Starts on New Affordable Housing Community in San Antonio
Los Angeles Affordable Housing Community to Be Built on Former Industrial Site
A new six-story mixed-use apartment complex is now under construction. Continue Reading Los Angeles Affordable Housing Community to Be Built on Former Industrial Site
Median Rents in Manhattan Drop for the First Time in More Than Two Years
Manhattan’s median rents hit a record high of $4,400 in August. Continue Reading Median Rents in Manhattan Drop for the First Time in More Than Two Years
Mortgage Rates Drop Below the 7% Mark
The 30-year fixed-rate mortgage averaged 6.95% as of Dec. 14. Continue Reading Mortgage Rates Drop Below the 7% Mark
Q3 Home Flipping Down, But Profits Are Up
The typical profit margin in the third quarter was 29.8%. Continue Reading Q3 Home Flipping Down, But Profits Are Up
