Residential Real Estate News - Residential Real Estate News Headlines |

    In repeat trick, Raleigh homebuilder sells to national firm for $60M
    A Raleigh-based homebuilding company has sold to a national firm that already has a substantial presence in the Triangle, adding yet another high-profile local firm to the list of companies being acquired in the homebuilding market. The owners of Terramor Homes have closed a deal valued at approximately $60 million to sell to D.R. Horton, one of the largest builders in the country, according to a statement from the Texas-based firm. Before the acquisition, D.R. Horton was already among the top?

    WhyHotel announces new $10M funding round, new locations in N. Virginia
    Temporary lodging startup WhyHotel Inc. ? originally spun out of Vornado Realty Trust ? has announced a $10 million funding round and the addition of three new operating sites in Northern Virginia. The new funding announcement comes a little more than a month after I reported the District startup was closing in on a $10 million round and detailed its ambitious plans for national expansion. The round was led by Boston venture firm Highland Capital Partners with participation from local firms?

    Here are the 5 wealthiest household hot spots in metro Phoenix
    The maps generated by Maps & Facts Unlimited showcase the richest neighborhoods across the Valley.

    Housing market cycle stays same: Higher prices, fewer sales
    With one month to go in the calendar year, the pattern in the residential real estate industry is holding steady. That is, sales are lower, prices are higher and affordability is a concern. The Buffalo Niagara Association of Realtors reported 917 single-family home transactions in November, an 11.4 percent drop from 1,035 a year ago. Again, inventory ? or lack of it ? was a factor with 3,034 properties up for sale. That is off 3.2 percent from 3,135 year-over-year. Prices continued to ascend.?

    Mortgage delinquencies on Hawaii's Big Island grow after Kilauea eruption
    The number of mortgages in some stage of foreclosure in Hawaii declined slightly in September, as the number mortgages facing some form of foreclosure on the Big Island grew following the eruption of Kilauea volcano, according to a new report by CoreLogic. Nationally, 4.4 percent of mortgages were in some state of delinquency in September, meaning they were at least 30 days or more past due, or in foreclosure, according to CoreLogic (NYSE: CLGX). That represented a 0.6 percentage point decline from?

    Pinellas County men plead guilty in multimillion-dollar real estate scam
    Three Pinellas County men are each facing 20 years in federal prison after they pleaded guilty on Monday to criminal charges connected to a multimillion-dollar real estate scam. Gary Kinard, 40, of St. Petersburg, Martin Steele, 46, of Largo, and Mark Boring, 47, of St. Petersburg each pleaded guilty in the U.S. Middle District Court of Florida to conspiracy to commit wire fraud and aggravated identity theft. The men are facing a maximum of 20 years in prison and a minimum mandatory consecutive?

    Baltimore-area home prices reach highest November level in a decade amid sales slowdown
    Median home sale prices across Greater Baltimore hit the highest November level in a decade last month. But overall, the market continued to show an ongoing slowdown. A report released Tuesday showed the average sales price was $264,700, up 4.2 percent over November 2017 figures. Yet while the median price increased, the sales volume in the Baltimore area dropped 12.5 percent over last November to $772 million, according to data provided by MarketStats by ShowingTime based on listing activity?

    New player joins team to redevelop old San Francisco hospital, but housing still several years away
    A new developer has joined longstanding efforts to transform a soon-to-be-former hospital in San Francisco's Presidio Heights into housing. Grosvenor America, the U.S. division of a centuries-old London-based developer, agreed to team up with TMG Partners, which began the process of redeveloping the California Pacific Medical Center at 3700 California St. into 273 homes back in 2015. CPMC expects to move all of its employees out of the 4.9-acre campus by March. The hospital, a part of the Sutter?

    Apartment project site near Arden Fair sold
    A joint venture between SKK Developments, The Grupe Co. and DeBartolo Development has closed escrow on the planned site for a large apartment project next to Arden Fair mall.

    New ?boutique-style? apartments to break ground near Montrose and the Heights
    The company launched in 2013 but focused development mostly in Dallas and Austin. By 2022, it plans to have between 1,000 and 1,500 units in Houston.