Global demand for prefabricated housing is forecast to rise 1% annually through 2024 to 3.9 million units, boosted partly by the shortage of affordable housing throughout the world supporting demand for inexpensive prefabricated units.

Home sales in Lancaster County dipped 4.7% in January, sliding to 385 after coming in at 404 the previous year.

Fayette County-based full-line industrial catering and food service company CRH Catering is relocating its Harrisburg branch to two recently purchased buildings in Susquehanna Township, Dauphin County.

A shortage of inventory continues to be the major trend of the local real estate market, said Adrian Smith, president of the 2021 Greater Harrisburg Association of Realtors.

A sprawling 460 acre development in Conewago Township is expected to offer more than 1,640 combined residential units by the time it is fully built out in 2040.

Less than one month into the Biden administration, actions taken by the president have indicated a much more progressive approach to governing than in the conservative Trump administration.

Typically, real estate agents get a break between Thanksgiving and the Super Bowl, as activity slows down for winter and the holidays. “But not this year,” said Tina Llorente, 2021 president of the Realtors Association of York & Adams Counties. “It’s been incredibly busy.”

Two-thirds of homebuyers and sellers would consider moving—or already have moved—to a different city or area given the opportunity to work remotely permanently, according to a new report from Redfin, the technology-powered real estate brokerage.

The abandoned Montgomery Ward building in the 300 block of Frederick Street will be converted to apartments. The $3.5 million project is set to begin in March.

With several offers often competing for the same desirable home property, buyers have had to get creative to get their bids noticed and accepted by the seller.

“I’ve been in it since 9/11, through the Great Recession to the COVID-19 global pandemic,” said Grace, who bought Landmark on Jan. 19. “I would say this has been the most challenging in my 20 years because we had to change how we had to operate.”

HDC MidAtlantic, a Lancaster-based nonprofit developer of affordable housing, announced that it received $250,000 through a state program to help pay for its 51-unit Beach Run Apartments, under construction in Bethel Township, Lebanon County.

A Lehigh Valley Realtor is now president of the Pennsylvania Association of Realtors.

Despite the pandemic, or in some ways even because of it, commercial real estate demand was strong along the Pennsylvania I-18/I-81 corridor, exceeding the demand over the prior year and driving up commercial real estate leasing rates to record highs.

Lancaster County home sales ended 2020 on a high note, rising 17.2% in December over the same month last year.