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Tech Trends: The Quirky Corners of the Digital World

Tech Trends: The Quirky Corners of the Digital World

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

In this edition of Tech Trends, we look at some of the more unusual digital stories that popped up in our news feed, with unlikely information and endeavors that could be appreciated by real estate professionals. Hanging On, Not Hanging Up. While some people look at...
Profit Margins Down for Q1 Home Sales

Profit Margins Down for Q1 Home Sales

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Profit margins on median-priced single-family home and condo sales declined to 55.3% in the first quarter of this year, according to new data from ATTOM. This is down from 57.1% in the previous quarter and from 56.5% one year earlier, and it represents the smallest...
Redfin: Median Home Sale Price at New Record High

Redfin: Median Home Sale Price at New Record High

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home sale price hit a record $383,725 during the four weeks ending April 21, according to new data from Redfin (NASDAQ: RDFN). This represents a 5.2% increase from one year earlier and was also one of the biggest jumps since October 2022. Redfin noted...
Pending Home Sales Up in March

Pending Home Sales Up in March

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
Two Former NJ Mortgage Lender Employees Charged in Fraud Scheme

Two Former NJ Mortgage Lender Employees Charged in Fraud Scheme

by Phil Hall | Apr 25, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Two former employees of a mortgage lending company have been charged in connection with their roles in a large-scale mortgage fraud scheme. According to charges brought by the U.S. Attorney’s Office for the District of New Jersey, Christopher J. Gallo of Old Tappan,...
Frank Sinatra’s Former NYC Home Listed at $4.45 Million

Frank Sinatra’s Former NYC Home Listed at $4.45 Million

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The historic Upper East Side brownstone that was Frank Sinatra’s New York City residence for most of the 1960s has been listed for sale at $4.45 million. The New York Post reported the legendary entertainer lived at 249 East 61st St. from 1963 to 1969. The...
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