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Virginia Home Sales Up 7.4% in February

Virginia Home Sales Up 7.4% in February

by Phil Hall | Mar 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 6,581 homes were sold in Virginia during February, an increase of 452 transactions from one year earlier, which created a 7.4% gain. On a month-over-month measurement, sales were up by nearly 12%. There were 7,115 pending sales in February, a 5% increase...
Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market

Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market

by Phil Hall | Mar 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than half of Americans believe advances in artificial intelligence (AI) results could make it more difficult for them to become homeowners. According to a survey commissioned by Redfin, nearly three in five respondents (59%) feared that AI will result in the...
Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit

Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit

by Phil Hall | Mar 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buffalo Mayor Sean Ryan is warning city residents that they could soon face a 25% property tax hike. WIVB reports the upstate New York city faces an estimated $109 million deficit, with significant gaps in resources. “We’re down about 50% of the garbage trucks we...
Maine Home Values Increased in February While Sales Declined

Maine Home Values Increased in February While Sales Declined

by Phil Hall | Mar 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer homes were sold in Maine during February while home prices continued to rise. According to data from the Maine Association of Realtors, 691 homes were sold statewide last month, an 8.84% decrease. Amid the decline in sales activity, home prices surged by 3.47%...
30-Year Fixed-Rate Mortgage Surges to 6.22%

30-Year Fixed-Rate Mortgage Surges to 6.22%

by Phil Hall | Mar 19, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates surged in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of March 19, up from last week when it averaged 6.11%. A year ago at this time, it averaged 6.67%. The 15-year...
Kentucky Home Sales Up in February Despite Drop in New Listings

Kentucky Home Sales Up in February Despite Drop in New Listings

by Phil Hall | Mar 19, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total number of 2,938 listings in Kentucky were sold during February, up 8.85% from the prior month and up 3.7% year-over-year. According to data from Kentucky Realtors, there were 4,474 new listings last month, down 11.08% from January and down 1.7% from February...
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