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New NAR Study: Housing Affordability Gap Remains in Place

New NAR Study: Housing Affordability Gap Remains in Place

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis by the National Association of Realtors (NAR) has determined affordable homeownership is still an elusive commodity for too many Americans. The new NAR study found households earning $75,000 a year can only afford 21.2% of home listings as of...
Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders

Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate Investing, Tech Trends, WRE News Exclusive

This edition of Tech Trends features the state of the tenant billing software submarket, new tools focused on real estate investing and risk analysis, and real estate tech companies joining the NAR REACH program. A Growing Software Sector. The US tenant billing...
Mortgage Rates Inch Up

Mortgage Rates Inch Up

by Phil Hall | May 15, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of May 15, up from last week when it averaged 6.76%. A year ago at this time, it averaged 7.02%. The...
Builder Confidence Drops, Albeit with a Significant Asterisk Attached

Builder Confidence Drops, Albeit with a Significant Asterisk Attached

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...
Zillow: New Listings Are Outpacing Home Sales

Zillow: New Listings Are Outpacing Home Sales

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More properties are coming on the market than being sold, according to a new data report from Zillow (NASDAQ: Z, ZG). During April, Zillow found the quantity of new listings were up 9.8% from March and up 7.6% from one year earlier, outpacing sales nationwide. New...
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