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Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

by Phil Hall | May 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Celebrity broker Ryan Serhant is shooting a new real estate-focused reality television series, and he is starting in New York City’s ultimate deluxe apartment in the sky. According to a New York Post report, Serhant’s new show is on location today at the $250 million...
Supreme Court Sides with Property Owners Against EPA on Wetlands Authority

Supreme Court Sides with Property Owners Against EPA on Wetlands Authority

by Phil Hall | May 25, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

In a ruling that could be seen as a victory for property owners and developers, the U.S. Supreme Court limited the U.S. Environmental Protection Agency’s (EPA) authority over areas that it defines as wetlands. The court ruled in Sackett v. EPA that the agency does not...
Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

ATTOM’s Vacant Property and Zombie Foreclosure Report covering the second quarter of 2023 has determined there are approximately 1.3 million vacant U.S. residential properties – which represents 1.3% or one in 79 homes across the country. The report found 311,508...
Pending Home Sales Remained Stagnant in April

Pending Home Sales Remained Stagnant in April

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales remained stagnant from March to April, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings –...
Mortgage Delinquency Rate Crashes to a New Low

Mortgage Delinquency Rate Crashes to a New Low

by Phil Hall | May 25, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from CoreLogic has determined the overall U.S. mortgage delinquency rate plummeted to a new low in March. During March, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure). This...
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing number of home sellers are making concessions to lure buyers into purchasing their properties. According to new data from Redfin (NASDAQ:RDFN), 42.9% of home sales during the three months ending April 30 involved seller concessions, up from 25.5% one...
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