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Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019

Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019

by Phil Hall | Jun 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes for sale has topped 1 million for the first time since Winter of 2019, according to data from Realtor.com. However, only metros in the South or West have fully returned to pre-pandemic inventory levels. All 50 of the largest metro areas posted...
Report: Fewer Home Purchase Loans During Q1

Report: Fewer Home Purchase Loans During Q1

by Phil Hall | Jun 5, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM showed that 1.4 million mortgages were secured by residential properties during the first quarter, a 14% drop from the previous quarter. The first quarter’s decline was attributed to a 20% drop in home purchase loans, which shrank from 738,675 in...
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

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

The Paramus, New Jersey-based real estate investment and development firm Reynolds Asset Management has acquired two multifamily communities – Park Lamont and The Lumos – in Cleveland for $30.6 million Reynolds completed the transaction in partnership with The...
Elevate Community, a Missouri Tiny Home Development, Receives First Residences

Elevate Community, a Missouri Tiny Home Development, Receives First Residences

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

The nonprofit Elevate Branson has begun work at Elevate Community, a tiny home development in Branson, Missouri. The new development recently marked the arrival of the first six tiny homes and more than $5 million in public and private funding to start construction....
Beeline Launches Stablecoin-Backed Home Equity Product

Beeline Launches Stablecoin-Backed Home Equity Product

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

The digital mortgage platform Beeline Holdings Inc., (NASDAQ: BLNE) has announced plans to launch of a stablecoin-backed home equity access product that allows homeowners to convert a portion of their home equity into immediate cash without incurring debt or monthly...
New Bill Would Eliminate Property Taxes for Maine’s Seniors

New Bill Would Eliminate Property Taxes for Maine’s Seniors

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

The growing movement for property tax relief has taken root in Maine, with a new bill before the state legislature that would eliminate property taxes for homeowners aged 65 and older. Newsweek reports the new bill, LD 1541, would apply to seniors who have lived in...
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