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Hits and Misses for the Real Estate Week of July 14-18

Hits and Misses for the Real Estate Week of July 14-18

by Phil Hall | Jul 18, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A spike in foreclosure filings, Ohio’s dueling property tax relief efforts, and a congressman facing eviction. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 14-18. Miss: A Big Uh-Oh. A total of 187,659 residential...
RE/MAX: Home Sales Up for Fifth Straight Month

RE/MAX: Home Sales Up for Fifth Straight Month

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest housing data from RE/MAX (NYSE: RMAX) determined home sales during June were up across the 50 metro areas surveyed by the company. This marked the fifth consecutive month of increased sales. Last month’s sales activity was 1.3% higher compared to May and...
Q2 Home Sales in Texas Up 1.4%

Q2 Home Sales in Texas Up 1.4%

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales across Texas during the second quarter totaled 95,364, a year-over-year uptick of 1.4%. According to data from Texas Realtors, closed sales were up in 16 of the state’s metro areas and down in 10. Statewide, active listings increased 27.8% from the same...
New Legislation Seeks to Address Systemic Bias in Home Appraisals

New Legislation Seeks to Address Systemic Bias in Home Appraisals

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Six Democratic senators have introduced legislation designed to address the potential for systemic bias in the home appraisal process. The Appraisal Modernization Act would require the Federal Housing Finance Agency to publish an online database of property-level...
Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

by Phil Hall | Jul 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Utah Gov. Spencer J. Cox announced his administration has stopped an attempted land acquisition near Provo Airport by Cirrus Aircraft, a company that is majority-owned by the defense contractor Aviation Industry Corporation of China (AVIC). A 2023 Utah law prevents...
New Bipartisan Bill Seeks Government Support for ADU Construction

New Bipartisan Bill Seeks Government Support for ADU Construction

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
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