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Existing home sales rise, but inventories hamper results

Homeownership Program

2021 started with a small surge in existing home sales compared to December 2020 levels, marking the second consecutive monthly gain. According to NAR, transactions on single-family homes, townhomes, condominiums, and co-ops surged 0.6% in January 2021 to a seasonally adjusted annual rate of 6.69 million units up from 6.76 million units in December 2020. […]

The problem with “love letters” in real estate – Marketplace

Let’s set the scene. An older couple is selling the home they’ve owned for 45 years in Fairless Hills, Pennsylvania. They sift through 22 competing offers, comparing prices and contingencies. Tucked into one of them is this: “Dear Mr. and Mrs. Miller,” the letter starts. “Thank you for providing us with the opportunity to view […]

Eugene Webb, Leading Harlem Real Estate Broker, Dies at 102 – The New York Times

Eugene H. Webb, who was raised in racially segregated Alabama with modest ambitions, but who after transplanting himself to Harlem established what became the nation’s largest Black-owned real estate management company, died on April 5 at his home in Mount Vernon, N.Y. He was 102. His death was confirmed by Webb & Brooker, the New […]

How Real Estate Blew Up in the Hamptons and Greenwich – The New York Times

Real estate is booming almost everywhere amid the pandemic, but the gains in local housing markets are far from equal. Two wealthy New York City satellites, the Hamptons and Greenwich, Conn., are quickly outpacing their neighbors in sales volume — a development that isn’t as predictable as you might think. “Since the pandemic lockdown ended, […]

The World’s Largest Public Real Estate Companies 2021 – Forbes

Thirty-one real estate companies made The Global 2000 list this year. Getty Global real estate firms rebounded this year, as the panic of the pandemic’s early days appears to have cooled. Of the 31 real estate firms on The Global 2000, Forbes’ annual ranking of the world’s largest and most impactful public companies, more than […]

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