U.S. Housing Market
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Stanley Martin Homes to Launch Master-Planned Community in Savannah Area
Prices at Brunson Station will start from the low $300,000s for townhomes and the mid $300,000s for single-family homes. Continue Reading Stanley Martin Homes to Launch Master-Planned Community in Savannah Area
Wall Street Journal Slams Trump-Pulte Housing Policies
“Now is not the time for the Administration to ease lending standards,” said the editors. Continue Reading Wall Street Journal Slams Trump-Pulte Housing Policies
Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
“Ohioans are as angry as I’ve ever seen them – and rightly so,” Attorney General Dave Yost said. Continue Reading Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
Hits and Misses for the Real Estate Week of July 7-11
Gavin Newsom’s long-distance grant funding, a data access deal with three major MLSs, and investors hogging the homebuying market. Continue Reading Hits and Misses for the Real Estate Week of July 7-11
The Great Slowdown: These Are the U.S. Cities Where Home Sales Are Down the Most
Source: Realtor.com --- If the housing market of just a year ago still seemed to be moving at quantum speed, today it’s more akin to an interminable traffic jam—with no exit ramps or HOV lanes in sight. As higher mortgage rates have made buying a home ever more...
Celebrity Homes of Hollywood Stars: Zsa Zsa Gabor’s Palm Springs Glamorous Pink House Is For Sale
custom-built pink home that once belonged to Zsa Zsa and Magda has been listed for sale at $3.8 million. The Palm Springs estate has been lovingly maintained, preserving the one-of-a-kind Gabor glamour present in every room, including many original furnishings....
Billionaire Grant Cardone says he and other real estate investors will ‘save the day’ and prevent a home price crash
Source: Insider --- Rapid home-price growth and soaring mortgage rates led to a dramatic downturn in housing demand throughout 2022, leading experts to speculate that the entire US real estate market could implode. While the housing slump is escalating this year,...
Texas new homes are taking longer to sell, and prices are down, but overall sales are still showing “remarkable stamina”
New homes in Texas are taking longer to sell and average home prices are lower, according to a new HomesUSA.com New Home Sales Report released today by Ben Caballero, real estate agent and HomesUSA.com CEO. The HomesUSA.com New Home Sales Report uses Multiple...
Infrastructure Restructure
Source: Best Lawyers --- The last few years have seen significant changes in the business world: the COVID-19 pandemic, rising inflation and interest rates, work-from-home trends, supply chain problems, the rise of ESG in corporate boardrooms and more. To the outside...
With Home Prices Stabilizing, Realtors Looking Forward to Good Spring Home Buying Season
Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number...
Luxury Real Estate Market Insulated From Rising Rates and Inflation Performs Well
A five-year review of markets included in the Forbes Global Properties curated consumer marketplace of luxury homes has revealed a 34% increase in sales price within the top 20% of 2022 transactions. Furthermore, numerous markets, including the domestic and...
New Real Estate Alliance will Put $1 Billion into Vertical Farm Development
The Monthly Dividend Company and Plenty Unlimited Inc. have entered into a strategic real estate alliance to support the development of Plenty's indoor vertical farms. Under the terms of the agreement, Realty Income will acquire and provide development funding for...
Prices for single-family homes are falling in these cities
Source: CNN Business --- Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family median home prices increased 4% in the fourth quarter from a year ago to...
Will your city favor buyers or sellers? Real estate report makes predictions for 2023
Source: The Hill --- (NEXSTAR) – The days of 40-person bidding wars and offers that are six figures over asking may be over, according a recent analysis of the 2023 real estate market. The national median home price rose 17.6% in 2021, then another 10% in 2022. Those...
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