Real Estate News
Faith in multifamily still strong despite month-over-month drop in permits
According to U.S. Census and HUD data, multifamily permits dropped 8.7% from April to May, and though that may sound like a significant drop, experts say the multifamily train is still rolling and that the nation is on track to complete 350,000 plus units by year’s end. And that's a good thing.
Flat-fee real estate company Home Bay expands to Arizona and Virginia
Home Bay, a growing flat-fee real estate company, is set to grow again. Home Bay, which started in California, now offers real estate services for a flat fee in Florida, Georgia, Illinois, Texas, Colorado, California, and now Arizona and Virginia as well.
Existing home sales suffer from inadequate supply
Although the Northeast saw an uptick in sales, nationally existing home sales fell back for the second straight month in May. One expert says supply is woefully inadequate to meet demand, pushing prices ever higher and contributing to mounting affordability woes.
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