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March 2017 Archives

A housing shortage is driving up prices

A shortage of houses in Delaware and across the country is being cited by industry experts as the reason for rising prices and a sharp fall in home resales in February. The National Association of Realtors revealed on March 22 that sales of existing homes fell by 3.7 percent in February to a seasonally adjusted rate of 5.48 million units. However, year-over-year sales were still up by 5.4 percent and the January seasonally adjusted sales numbers were the highest observed in a decade.

Construction of Delaware racetrack halted by Supreme Court

Delaware residents may have heard about a recent Supreme Court ruling that halted the development of a proposed motor speedway track in Felton. The Feb. 23 decision upheld a previous Superior Court ruling made in August 2016 that the land, presently the location of a small horse racing track, is not properly zoned for the construction of a dirt track motor speedway.