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NAR Debuts Fifth Season of ‘First-Time Buyer’ Series

NAR Debuts Fifth Season of ‘First-Time Buyer’ Series

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has released the fifth season of its docuseries “First-Time Buyer” available on Hulu. According to NAR, the new season offers unscripted stories following homebuyers in New York and Connecticut. The eight episodes, each under...
Mortgage Rates Stay Just Under 7%

Mortgage Rates Stay Just Under 7%

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates remained elevated in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of Jan. 30, down slightly from last week when it averaged 6.96%. A year ago at this time, it...
Pending Home Sales Plummeted in December

Pending Home Sales Plummeted in December

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

After four consecutive months of increasing sales volume, pending home sales sank by 5.5% in December. The National Association of Realtors’ (NAR) Pending Home Sales Index fell to 74.2 from November into December. Year-over-year, pending transactions declined 5.0%. An...
Sen. Ted Cruz Introduces Defund the CFPB Act

Sen. Ted Cruz Introduces Defund the CFPB Act

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Sen. Ted Cruz (R-TX) has introduced legislation that would reduce the statutory funding cap for the Consumer Financial Protection Bureau (CFPB) to $0. When the CFPB was created in 2010 under the Dodd-Frank Act, the agency was designed to receive its funding directly...
Offsite Solar Energy Sources Procured for NYC’s First All-Electric Residential Tower

Offsite Solar Energy Sources Procured for NYC’s First All-Electric Residential Tower

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alloy Development has selected Radial Power and MaxSolar to provide 100% renewable energy to the 44-story 505 State Street in Brooklyn, which is being promotes as New York City’s first all-electric, carbon-free residential tower. Radial Power will allocate of 900...
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