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Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes

Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers purchased $42 billion worth of US existing homes between April 2023 and March 2024, according to new data from the National Association of Realtors (NAR). This represented a 21.2% from the prior 12-month period. Foreign buyers purchased 54,300...
Single-Family Housing Starts Down in June

Single-Family Housing Starts Down in June

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in June were at a rate of 980,000, a 2.2% decline from the revised May figure of just over 1 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. Privately-owned housing starts in...
North Carolina Regional MLS Expands into Georgia

North Carolina Regional MLS Expands into Georgia

by Phil Hall | Jul 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

North Carolina Regional MLS (NCRMLS) has expanded into Georgia with the strategic additions of Savannah MLS, Athens Area Association of Realtors & Classic MLS, and the Realtors of Greater Augusta. NCRMLS is a wholesale cooperative multiple listing service used by...
Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term

Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term

by Phil Hall | Jul 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump is open to considering JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon as the Treasury Secretary if he regains the White House, while he is also open to allowing Jerome Powell to serve out his term as chairman of the Federal Reserve. In a...
Mortgage Application Activity in 4% Upswing

Mortgage Application Activity in 4% Upswing

by Phil Hall | Jul 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise again, according to data from Mortgage Bankers Association (MBA) covering the week ending July 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis...
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