Housing

MRED launches connectMLS service to Central Illinois Board of REALTORS®

Retrieved on: 
Thursday, August 18, 2022 - 11:15pm

CIBR joins 15 other REALTOR associations in Illinois which contract with MRED to receive MLS and real estate-related services.

Key Points: 
  • CIBR joins 15 other REALTOR associations in Illinois which contract with MRED to receive MLS and real estate-related services.
  • This partnership adds CIBRs 575 agents to more than 50,000 real estate professionals who already rely on MREDs connectMLS.
  • Midwest Real Estate Data (MRED) is dedicated to serving nearly 50,000 real estate professionals in more than 7,500 offices.
  • MRED is a member of the Real Estate Standards Organization (RESO), MLS Grid and the Broker Public Portal.

Better Neighborhoods, Same Neighbors Initiative Launches New Website

Retrieved on: 
Thursday, August 18, 2022 - 11:00pm

OAKLAND, Calif., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Better Neighborhoods, Same Neighbors is thrilled to announce the launch of its new website: bnsnoakland.org .

Key Points: 
  • OAKLAND, Calif., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Better Neighborhoods, Same Neighbors is thrilled to announce the launch of its new website: bnsnoakland.org .
  • Its blog and event calendar provide up-to-date information on what is happening with Better Neighborhoods, Same Neighbors in Oakland, California.
  • "This website takes the Oakland TCC Grant Project - Better Neighborhoods, Same Neighbors to the next level.
  • The Better Neighborhoods, Same Neighbors team invites visitors to explore the new website.

MANUFACTURED HOUSING PROPERTIES INC. ACQUIRES A NEW COMMUNITY

Retrieved on: 
Thursday, August 18, 2022 - 9:15pm

Charlotte, North Carolina, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC:MHPC)today announced the acquisition of Red Fox Manufactured Housing Community.

Key Points: 
  • Charlotte, North Carolina, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC:MHPC)today announced the acquisition of Red Fox Manufactured Housing Community.
  • About Manufactured Housing Properties Inc.
  • Manufactured Housing Properties Inc., together with its affiliates, acquires, owns, and operates manufactured housing communities.
  • The company focuses on acquiring and operating manufactured housing communities in high growth markets and is actively seeking to expand its portfolio.

Manufactured Housing Properties Inc. Announces Results for the Three and Six Months Ended June 30, 2022

Retrieved on: 
Thursday, August 18, 2022 - 9:09pm

Non-GAAPAdjusted EBITDA also allows investors and other users to assess the underlying financial performance of our income producing properties before managements decision to deploy capital.

Key Points: 
  • Non-GAAPAdjusted EBITDA also allows investors and other users to assess the underlying financial performance of our income producing properties before managements decision to deploy capital.
  • In addition, non-GAAPAdjusted EBITDA as presented in this release may not be comparable to similarly titled measures used by other companies.
  • About Manufactured Housing Properties Inc.
  • Manufactured Housing Properties Inc. together with its affiliates, acquires, owns, and operates manufactured housing communities.

Miami July 2022 Home Sales Outperform Pre-Pandemic Totals; Much Needed Single-Family Home Inventory Rises for Third Consecutive Month

Retrieved on: 
Thursday, August 18, 2022 - 9:25pm

MIAMI, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales outperformed its pre-pandemic totals as single-family home inventory rose for the third consecutive month in July 2022, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • But July 2022 sales of 2,375 outperformed Miami's pre-pandemic July totals as Miami averaged 2,325 total homes sales in the month of July from 2016-19.
  • Miami existing condo sales decreased 39.1% year-over-year, from 2,259 record-breaking July 2021 to 1,376 in July 2022, due to lack of inventory and rising mortgage rates.
  • In July 2022, Miami sales were impacted by higher rates of 5-6% when contracts were established in May and June and lower inventory.
  • Miami Distressed Sales Keep Dropping, Reflecting Healthy Market
    Total Miami distressed sales decreased 14.6% year-over-year in July 2022, from 48 to 41.

Redfin Reports Slowdown Starts to Ease as Drop in New Listings Hampers Supply

Retrieved on: 
Thursday, August 18, 2022 - 8:07pm

(NASDAQ: RDFN) The housing-market slowdown is starting to slow down, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points: 
  • (NASDAQ: RDFN) The housing-market slowdown is starting to slow down, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
  • Thats hampering the recent growth in housing supply that has been forcing sellers to slash their prices.
  • Following months of declines, the share of homes selling within a week has leveled off at around 25%, another sign that the market slowdown is easing.
  • Leading indicators of homebuying activity:
    For the week ending August 18, 30-year mortgage rates fell to 5.13%.

Ross Stores Reports Second Quarter Earnings

Retrieved on: 
Thursday, August 18, 2022 - 9:01pm

Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million.
  • Sales for the second quarter of 2022 were $4.6 billion versus $4.8 billion in the prior year period.
  • These results compare to earnings per share of $2.73 on net earnings of $971 million in the first half of 2021.
  • Ms. Rentler further noted, During the second quarter, we repurchased 2.9 million shares of common stock for an aggregate price of $235 million.

FirstEnergy Foundation Completes Final Round of "Investing with Purpose" Grants to Community Organizations

Retrieved on: 
Thursday, August 18, 2022 - 8:04pm

AKRON, Ohio, Aug. 18, 2022 /PRNewswire/ -- The FirstEnergy Foundation awarded more than $3.43 million to nearly 100 organizations across its six-state service territory for the final round of "Investing with Purpose," an initiative focused on supporting nonprofit organizations that advance health and safety, workforce development, educational and social justice initiatives. In addition, FirstEnergy Corp. (NYSE: FE) provided $220,000 to five organizations as part of the initiative. The grants build on $3.3 million in charitable contributions the Foundation awarded in December 2020 as part of the initial round of giving, which has collectively gifted $7 million to nearly 200 nonprofit organizations making a difference in the communities served by FirstEnergy's 10 electric companies.

Key Points: 
  • In addition, FirstEnergy Corp. (NYSE: FE) provided $220,000 to five organizations as part of the initiative.
  • With those issues in mind, the Foundation identified philanthropic opportunities through nonprofit organizations across its service territory that are responding to needs of vulnerable populations.
  • For a full list of "Investing with Purpose" grant recipients, visit the FirstEnergy Foundation on the company's website.
  • Follow FirstEnergy and its utilities on Twitter @FirstEnergyCorp , @ToledoEdison , @IlluminatingCo , @OhioEdison , @MonPowerWV , @JCP_L , @Penn_Power , @Penelec , @Met_Ed , @PotomacEdison , @W_Penn_Power .

Gardner Capital's GCRE Impact Fund has Provided Funding for the Solar Installation on a Multi-Family Development in Sugar Land, Texas

Retrieved on: 
Thursday, August 18, 2022 - 7:09pm

The GCRE Impact Fund is part of Gardner Capital's Alternative Investments Platform, which provides funding for projects promoting clean energy for multi-family housing or upward social mobility.

Key Points: 
  • The GCRE Impact Fund is part of Gardner Capital's Alternative Investments Platform, which provides funding for projects promoting clean energy for multi-family housing or upward social mobility.
  • Solar energy is the fastest-growing energy source in the United States, according to the Center for Climate and Energy Solutions.
  • Applicants can apply for funding from the GCRE Impact Fund through the Alternative Investments Fund on Gardner Capital's website ; funding is capped at $25,000 for any one specific proposal (subject to waiver for special considerations).
  • For more information or to inquire about funding opportunities, please visit GCRE Impact Funding Page
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CARROLL Raises More Than $340 Million for Latest Fund Investment Vehicle

Retrieved on: 
Thursday, August 18, 2022 - 6:16pm

ATLANTA, Aug. 18, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the final closing for its seventh investment vehicle, Carroll Multifamily Venture VII, L.P.

Key Points: 
  • ATLANTA, Aug. 18, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the final closing for its seventh investment vehicle, Carroll Multifamily Venture VII, L.P.
  • CARROLL's seventh investment vehicle closed at more than double the size of the Firm's prior vehicle, Carroll Multifamily Venture VI, L.P., which closed in 2019 at $125 million.
  • The increased commitment follows a record year in transaction activity for the Firm and represents new investment opportunities.
  • "The launch of our latest fund vehicle demonstrates the growth of CARROLL's footprint in capital markets and the strong investor appetite in the multifamily sector," said Patrick Carroll, Founder and CEO of CARROLL.