February 2020 Existing-Home Sales
Housing market activity this February jumped 6.5% from January 2020, and sales of existing homes improved 7.2 % from February 2019.
Housing market activity this February jumped 6.5% from January 2020, and sales of existing homes improved 7.2 % from February 2019.
We’re living through an unprecedented time in modern history. Because of COVID-19, many states are strongly recommending—or even requiring—only essential businesses to stay open and for people to shelter in place and practice social distancing. This of course is crucial to slow the spread of the virus. But now, people’s nerves are on edge. Plus…
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Of the four major regions, only the Northeast reported a drop in sales, while other areas saw increases, including sizable sales gains in the West.
PHOENIX, AZ – One Can Imagine. That philosophy is the driving force of the experienced leadership team that s responsible for introducing One Camelback, an innovative live-play community that s taking shape at the hottest intersection in greater Phoenix, according to real estate and growth experts at Urban Land Institute. Arizona hasn t seen anything…
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Industry resources in response to COVID-19 are plentiful. Here are a few useful links: National Multi-Housing Council / NMHC — https://www.nmhc.org/news/nmhc-news/2020/apartment-industry-responds-to-covid-19 outbreak/?mkt_tok=eyJpIjoiTlRZeE9UQXdNV1F5WmpBMyIsInQiOiJpSm5DZU5VcWpBM3YxeVliMkVPREZyV3dEQUJlY2Y3TElYTENRZ2tXdnM5ZW1UclFMUWtQZmxXbzZKWTJndmwxVmxuZ1lcLzFtdGR4N0Jwb2RVV2RsZzYzZFwvb2tadUpYSUhmWW9wTWpZSEdLZ3RLUGhSNDIwdzJiT2Foaldra0lcLyJ9 National Apartment Association — file:///C:/Users/Ellen/Downloads/NAA%20IREM%20coronavirus_webinar_faqs_3-13-2020.pdf NAA is also conducting a series of webinars and the first one ran today talking about how to prepare and protect your bottom line with upcoming rent problems…
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HUNTSVILLE, AL – Walker & Dunlop, Inc. announced that it structured $51,923,400 in financing for ECLIPSE at CityCentre, a five-story, 278-unit, multifamily project located in Huntsville, Alabama. Co-developed by Spring Bay Property Company, the property will sit atop 18,000 square feet of upscale restaurants and retail and is part of the CityCentre at Big Spring…
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Home showings data from SentriLock®, LLC, a lockbox company, shows that homebuyer traffic increased in February 2020 compared to the prior month and one year ago.
Friends, are you on coronavirus overload?? I know I am. No matter where we turn there is no way to avoid the new reality of the effect’s of the coronavirus. You may be working from home instead of the office; your kids may be doing school from home and are starting to get stir crazy; or you’ve…
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LAS VEGAS, NV – San Diego-based Tower 16 Capital Partners has successfully sold Altura on Duneville, a 228-unit apartment project located in Las Vegas. The property was originally purchased in 2018 for $24,000,000 and was sold this month for $35,500,000. During their two-year hold, the company performed significant exterior and interior unit renovations, adding several…
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While measures are being taken to keep people safe and avoid overloading the hospital system beyond capacity, they have an economic cost in terms of lost revenues, especially in states where these industries comprise a larger share of their economic output and employment should there be some temporary layoffs. States need to plan to mitigate…
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