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Mortgage Rates Dip While Delinquency Levels Rise

Mortgage Rates Dip While Delinquency Levels Rise

by Phil Hall | May 14, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...
Foreclosure Filings Up 18% From One Year Ago

Foreclosure Filings Up 18% From One Year Ago

by Phil Hall | May 14, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 42,430 residential properties carried foreclosure filings in April, down 8% from the prior month but up 18% from one year earlier. According to data from ATTOM, one in every 3,388 housing units nationwide had a foreclosure filing last month. Delaware posted...
Study Finds Greater Savings in Buying New Homes Versus Older Homes

Study Finds Greater Savings in Buying New Homes Versus Older Homes

by Phil Hall | May 14, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buyers of newly built homes can save an average of $25,335 over the first 10 years of ownership compared to those who purchase 20-year-old homes, according to a data analysis by Realtor.com. The savings are primarily from the lower utility costs from newer...
Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers

Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers

by Phil Hall | May 14, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

The luxury homebuilder Toll Brothers Inc. (NYSE: TOL) announced the promotion of Seth J. Ring from executive vice president to president and chief operating officer, effective June 30. Ring began his career at Toll Brothers in 2004 as an assistant project manager in...
Canadian Home Sales Inched Up in April

Canadian Home Sales Inched Up in April

by Phil Hall | May 14, 2026 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian home sales edged up 0.7% month-over-month during April but were 4% down from one year earlier. According to the Canadian Real Estate Association (CREA), new listings jumped 4.1% on a month-over-month basis in April while the national sales-to-new listings...
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