The General Services Administration (GSA) plans to terminate approximately 1,000 federal real estate leases by week’s end, impacting about 13% of its portfolio. These leases, part of over […]
Sales of new single-family homes tumbled in January. Here’s one reason why
Sales of new U.S. single-family homes experienced a sharper-than-expected decline in January, as persistently high mortgage rates deterred potential buyers, signaling a slowdown in the housing market and […]
Pending home sales drop to the lowest level on record in January
High mortgage rates and elevated home prices combined to significantly reduce home sales in January. Pending sales, which are based on signed contracts for existing homes, fell by […]
Gatwick Airport: Second runway backed by government
The UK government has expressed support for a second runway at Gatwick Airport, contingent on noise reduction measures. Transport Secretary Heidi Alexander stated she is ‘minded to approve’ […]
Model Karolina Kurkova and husband are at war with Fisher Island’s exclusive members-only club
Supermodel Karolina Kurkova and her husband, real estate broker Archie Drury, are suing the Fisher Island Club, an exclusive members-only club on a private island near Miami. Filed […]
Home Depot exec says Americans may soon embrace sky-high mortgage rates as ‘the new normal’ and invest in housing anyway
A Home Depot executive has suggested that Americans might soon come to terms with elevated mortgage rates as “the new normal” and continue investing in housing regardless. This […]
Home Depot snaps its losing streak
Home Depot has resumed growth, ending a streak of declining sales. The largest home improvement retailer in the U.S. reported on Tuesday that same-store sales increased by 0.8% […]
Apollo to buy real-estate management firm Bridge Investment for $1.5 billion
Bridge stockholders and unit holders will receive 0.07081 shares of Apollo stock for each share held, valued at $11.50 per share, representing a 45% premium over Bridge’s last […]
Buyers Strike Crushes Green Shoots of Demand for Existing Homes Amid Surging Supply
Demand in the resale market continues to decline despite initial signs of recovery. Sales of existing homes in January dropped by 4.9% from December to an annual rate […]
January home sales fall as high mortgage rates, prices freeze out would-be buyers
Sales of previously occupied U.S. homes declined in January due to rising mortgage rates and home prices deterring potential buyers despite a broader selection of properties. Sales dropped […]