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Existing Home Sales Down by Nearly 6%

Existing Home Sales Down by Nearly 6%

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank by 5.9% from February to March to a seasonally adjusted annual rate of 4.02 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 2.4% from the 4.12 million transactions in March 2024. On...
233 Cities Have Starter Homes Priced at $1 Million

233 Cities Have Starter Homes Priced at $1 Million

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of all states have at least one city where starter homes costs begin at $1 million, according to new data from Zillow (NASDAQ: Z, ZG). Today, a starter home – defined for this analysis as being among those in the lowest third of home values in a market – is worth...
Two Guilty Pleas in Massachusetts Lender Fraud Case

Two Guilty Pleas in Massachusetts Lender Fraud Case

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A pair of Massachusetts-based fraudsters have pleaded guilty for their roles in a scheme to defraud commercial lenders by providing false rent rolls and forged lease agreements on properties in Massachusetts and Connecticut. According to court documents, Louis R....
Profit Margins Down for Q1 Home Sales

Profit Margins Down for Q1 Home Sales

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners, on average, made a 50.2% profit selling single-family homes and condos during the first quarter, according to new data from ATTOM. This is a decline of 3.2 percentage points from the previous quarter and a drop of 4.8 percentage points from the first...
Report: South and Midwest Dominate in Homebuilding and Affordability

Report: South and Midwest Dominate in Homebuilding and Affordability

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The mix of housing affordability and new construction is seriously out of balance, according to a new data report from Realtor.com. Only 18 states – primarily in the Midwest and South – have median homes that are affordable to their median earner based on the 30% of...
Luxury Residential Resort Community to be Built at Lake Travis, Texas

Luxury Residential Resort Community to be Built at Lake Travis, Texas

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Construction is underway on the Canyon Club, a luxury residential resort community encompassing 25 private residences along Lake Travis in Spicewood, Texas. The Canyon Club will offer a mix of traditionally built five- and six-bedroom homes for sale beginning at $2.6...
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