A metro area’s median price surpassed $2 million (San Jose, Calif.) for the first time since NAR began tracking metro area single-family home prices in 1979. Key Highlights Single-family existing-home sales prices... Read more »
Blackstone is gaining 8,300 apartments across California with its $10 billion acquisition of AIR Communities. On Monday, Blackstone announced it was buying AIR Communities, also known as Apartment Income REIT, for $10... Read more »
Witthaya Prasongsin | Moment | Getty Images Despite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a tax bill this season,... Read more »
The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities also witnessed a surge in their homeownership rates. According... Read more »
WPH Holdings was approved to build a 21-story apartment tower in Long Beach. The Downtown Los Angeles-based developer got the nod from the City Council to construct the 203-unit complex at 615... Read more »
Key Highlights Single-family existing-home sales prices climbed in 86% of measured metro areas – 189 of 221 – in the fourth quarter, up from 82% in the previous quarter. The national median... Read more »
U.S. home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic’s Home Price Index. Home prices declined by 0.1% compared... Read more »
Employers kept a brisk hiring pace in December, exceeding economists’ expectations by 46,000 jobs. Jobs increased by 216,000 in December, up from 173,000 in November, according to data released by the Bureau... Read more »
Knoxville, Tennessee-based Realty Executives have gained some top-producing agents. The founders of RE/MAX Preferred Properties, Ryan, Rich and Patti Levenson, are joining Realty Executives, according to an announcement on Wednesday. The family... Read more »
Last week, I asserted that housing inventory growth had finished for the year. Turns out I was wrong! This week, the available inventory of unsold single-family homes crept up minimally. It looks... Read more »