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Zillow: Price Cuts on One-in-Four Listings in June

Zillow: Price Cuts on One-in-Four Listings in June

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in the seven swing states that might determine the winner in this year’s presidential election have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election, according to new data report from Redfin (NASDAQ:RDFN)....
FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

by Phil Hall | Jul 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced it will allocate $50 million in interest rate subsidies to expand affordable housing, economic development, and community partnerships in Illinois and Wisconsin through its new Community Impact Advance...
Century Communities Revives Online Homebuying Sales Event

Century Communities Revives Online Homebuying Sales Event

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Century Communities Inc. (NYSE:CCS) has announced the return of its Purple Tag Sales Event. The sales event encourages buyer to do their home shopping online at CenturyCommunities.com. Buyers can click the “Buy Now” on any available home,...
Report: Biden to Unveil New Rent Control Proposal

Report: Biden to Unveil New Rent Control Proposal

by Phil Hall | Jul 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Joe Biden is planning to unveil a new rent control proposal tomorrow during a campaign stop in Nevada. According to a Washington Post reported sourced from three unnamed “people familiar with the matter,” Biden’s proposal would remove a tax benefit from...
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