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Mortgage Application Activity Slows for Third Straight Week

Mortgage Application Activity Slows for Third Straight Week

by Phil Hall | Jun 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity was down for the third straight week, according to data from the from the Mortgage Bankers Association (MBA) covering the week ending May 30; the data included an adjustment for the Memorial Day holiday. The Market Composite Index, the...
Richmond American Homes to Build New Community in Jacksonville

Richmond American Homes to Build New Community in Jacksonville

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Richmond American Homes of Florida LP, a subsidiary of MDC Holdings Inc., has purchased and closed on 151 future homesites in Jacksonville, Florida, that will become the location of its new Laurelton master-planned community. Laurelton will feature single- and...
Toronto Home Sales Down 13.3% From One Year Ago

Toronto Home Sales Down 13.3% From One Year Ago

by Phil Hall | Jun 4, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 6,244 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in May 2025, a 13.3% decline from one year earlier. On a seasonally adjusted basis, May home sales were up from the 5,601 transactions recorded in April....
NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’

NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chief economist with the National Association of Realtors (NAR) has defined today’s housing market as a challenging environment burdened by circumstances beyond its control. Speaking at NAR’s 2025 Realtors Legislative Meetings in Washington, DC, Lawrence Yun...
Utah’s Largest Mansion Goes Up for Auction This Week

Utah’s Largest Mansion Goes Up for Auction This Week

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Utah’s largest mansion is going up for auction later this week. Mansion Global reports the 154-acre ranch in Hyram, Utah, features a five-level, 40,000-square-foot residence with 10 bedrooms and 18 full and partial bathrooms. The residence also includes a dining room...
North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing

North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when states and localities are looking to cut property taxes and increase affordable housing, the Board of Commissioners in North Carolina’s Wake County went the opposite route in passing a $2.17 billion budget that raises property taxes and reduces proposed...
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