U.S. Housing Market
Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
Construction will begin immediately, with substantial completion anticipated in September 2027. Continue Reading Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
New Data Reports Find Continuation of Mild Home Price Acceleration
Once again, FHFA Director Bill Pulte did not comment on the continued home price acceleration. Continue Reading New Data Reports Find Continuation of Mild Home Price Acceleration
FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
CBRE represented the seller, an affiliate of First Atlantic, LLC, and procured the buyer, an affiliate of Heritage Housing Inc. Continue Reading 169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
Connecticut Offers Free Risk Mapping Tool to Assess Climate Threats to Properties
“Climate risk is a reality today, not tomorrow,” said Matthew Eby, founder and CEO of First Street. Continue Reading Connecticut Offers Free Risk Mapping Tool to Assess Climate Threats to Properties
Existing Home Sales Down 20% from One Year Ago
“Mortgage rates heavily influence the direction of home sales,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Down 20% from One Year Ago
Flipped Homes Accounted for 9% of All Q1 Sales
The typical gross flipping profit in the first quarter was $56,000. Continue Reading Flipped Homes Accounted for 9% of All Q1 Sales
Realtor.com Revises Housing Forecast for Second Half of 2023
Realtor.com is now forecasting a 0.9% drop in median rents for the remainder of the year. Continue Reading Realtor.com Revises Housing Forecast for Second Half of 2023
Will This Become the Most Expensive Home Ever Sold?
Casa Encantada twice broke sales records, once in 1980 and again in 2000. Continue Reading Will This Become the Most Expensive Home Ever Sold?
Mortgage Application Activity Records Scant Uptick
MBA’s Builder Application Survey data for May saw applications for new home purchases were up by 8% from April. Continue Reading Mortgage Application Activity Records Scant Uptick
CVS Health Invests $8.4 Million in Maine Senior Housing Project
Fifteen of the units will have a preference for older adults who are known as “Long-Term Stayers” in the City of Portland’s homeless shelters. Continue Reading CVS Health Invests $8.4 Million in Maine Senior Housing Project
NYC Mansion with a Colorful History Listed at $13 Million
The nine-story townhouse encompasses 18,000 square feet, with nine bedrooms and 11 bathrooms. Continue Reading NYC Mansion with a Colorful History Listed at $13 Million
Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
“From an operational perspective, multifamily is pretty stable and strong,” said Dixon. Continue Reading Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million
The former president and his wife bought the property in 1913 and sold it 30 years later. Continue Reading Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million
California Home Sales Up in May
Single-family detached home sales were up 9.8% on a monthly basis from April to May. Continue Reading California Home Sales Up in May
