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Builder Confidence Drops, Albeit with a Significant Asterisk Attached

Builder Confidence Drops, Albeit with a Significant Asterisk Attached

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...
Zillow: New Listings Are Outpacing Home Sales

Zillow: New Listings Are Outpacing Home Sales

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More properties are coming on the market than being sold, according to a new data report from Zillow (NASDAQ: Z, ZG). During April, Zillow found the quantity of new listings were up 9.8% from March and up 7.6% from one year earlier, outpacing sales nationwide. New...
Foreclosure Activity Continues to Rise

Foreclosure Activity Continues to Rise

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 36,033 residential properties had foreclosure filings during April, up by a slight 0.4% from the prior month and up by a more substantial 13.9% from one year ago. According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in...
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright-designed residence in Kalamazoo, Michigan, was sold after nearly one year and a $1 million cut to its listing price. Realtor.com reports the Usonian-style property known as the Robert D. and Winifred L. Winn House was first listed in June 2024 for...
Study: Abandoned Residential Properties Could be Worth Over $150 Billion

Study: Abandoned Residential Properties Could be Worth Over $150 Billion

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Abandoned residential properties may collectively be worth over $150 billion, according to a new study by the data provider PropertyChecker. The study observed there are roughly 15 million vacant homes across the US, with over 6.2 million of these properties being...
Construction Begins on 42-Unit Boston Affordable Housing Community

Construction Begins on 42-Unit Boston Affordable Housing Community

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Construction has begun on a $32 million, 42-unit affordable housing community in the Dorchester section of Boston. Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Talbot Commons I encompasses 40 LIHTC units...
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