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Housing inventory in a significant number of major metropolitan areas hit levels higher than they were before the COVID-19 pandemic, according to a new report from Realtor.com. The real estate marketplace said nearly half of America’s 50 largest metros had real estate markets whose number of active listings as of May had surpassed pre-pandemic levels. The ten […]
The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com. Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up […]
There’s good news in the housing market to close out 2024: there’s a lot more supply. The bad news: a lot of that supply is stale, sitting unsold for much longer than usual. Active listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020, according to […]
They won’t shoot out of the ground overnight, but a 72-story skyscraper apartment tower and a 28-story hotel are in the future for the burgeoning Far West Side, aka the Hudson Yards District. Gov. Kathy Hochul named a four-member development partnership as “conditionally designated” to build the tower and a Hilton-branded hotel at 418 Eleventh […]
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy’s or JCPenney and […]
