Real Estate Blog
Lennar warns rising interest rates will dull homebuyer demand
The Miami-based company, one of the nation’s largest homebuilders and the second largest in the Houston area, says higher interest rates will damper price increases.
U.S. home sales give way as prices enter unprecedented territory
Sales of previously occupied U.S. homes slowed for the fourth consecutive month as climbing mortgage rates and record high prices discouraged house hunters.
Existing home sales fell 3.4% last month from April to a seasonally adjusted annual rate of 5.41 million, the National Association of Realtors said Tuesday.
That annual sales pace was higher than what economists had expected, according to FactSet. Sales fell 8.6% from May last year.
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020, near the start of the pandemic, when they were running at an annualized rate of 4.77 million homes.
Even as home sales slowed, home prices kept climbing in May. The national median home price jumped 14.8% in May from a year earlier to $407,600. That’s an all-time high according to data going back to 1999, NAR said.
The housing market, a crucial part of the economy, is slowing as homebuyers facing sharply higher home financing costs than a..
Bridge Industrial reveals plan for airport Park ‘N Fly lot
The developer hopes to deliver the project there in 2024.
What the Kellogg split means for huge Cary operation
Cereal and snack giant Kellogg Company is splitting into three companies – a move that could be good news for Cary.
O’Shaughnessy Holding buys, plans move to Edina office building once home to Regis’ headquarters
The building is part of a three-building campus in Edina now called The E.
After seven years, South Philadelphia’s 338,000-SF Bok building is 98% leased
The Bok has an eclectic mix of 250 different tenants of which many are self-owned. The building's owner is now looking in the city for another project.
Affordable housing proposed in West Little River area of Miami-Dade
The developer has a vacant site under contract.
Fast-growing logistics firm signs lease for 1.1 million square feet
A fast-growing logistics company has signed a lease for what is believed to be the largest industrial lease in the region.
Elon Musk’s SpaceX to build east of Austin in Bastrop County, filings show
The California-based company has posted Austin job openings and filed public documents indicating it plans to build a local facility not far from the new Tesla factory and where The Boring Company is digging in.
Jemal starts on stabilization, restoration of Fruit Belt’s Meidenbauer House
Douglas Jemal is making his first move to stabilize the Meidenbauer House, a Fruit Belt landmark believed to be one of the oldest homes in Buffalo.