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26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Slightly more than one-quarter of homebuyers (26%) are looking to move to a different part of the country, according to new data from Redfin (NASDAQ:RDFN). This share is up from 24% one year ago and roughly 19% from the pre-pandemic era, and it also represents a...
US Housing Market Value Up 49% from the Start of the Pandemic

US Housing Market Value Up 49% from the Start of the Pandemic

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total value of the U.S. housing market is now 49% higher than the level at February 2020, the period before the start of the Covid-19 pandemic. According to data from Zillow Group (NASDAQ:Z, ZG), the housing market’s total value is slightly less than $52 trillion,...
Fewer Homes Being Sold, Albeit with Higher Prices

Fewer Homes Being Sold, Albeit with Higher Prices

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new housing data reports issued this morning determined there were fewer new single-family homes being sold while the residential properties being purchased were priced higher. Sales of new single‐family houses during August were at a seasonally adjusted annual...
Mortgage Machine Services Taps Dan McGrew to Become Director of Sales

Mortgage Machine Services Taps Dan McGrew to Become Director of Sales

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Mortgage Machine Services, an Addison, Texas-based provider of digital origination technology to residential mortgage lenders, has named Dan McGrew as director of sales. In his new role, McGrew will be responsible for bringing the company’s digital mortgage...
A Phil Hall Op-Ed: Addressing New York City’s Housing Problem

A Phil Hall Op-Ed: Addressing New York City’s Housing Problem

by Phil Hall | Sep 25, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: It would be kind to say that Eric Adams’ tenure as mayor of New York City has been something of a mess. Indeed, Adams’ failings since becoming mayor in January 2022 have been so severe that even President Biden didn’t want to be seen with him last...
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