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The Cheapest Metro Area for Buying a Home Is…

The Cheapest Metro Area for Buying a Home Is…

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Rust Belt and the South dominate the list of the 10 least expensive metros for buying a home, according to a new data report from Redfin (NASDAQ: RDFN). In a survey of the nation’s 91 most populous metro areas during March, Detroit topped the list with the lowest...
Is Renting Less or More Expensive? It Depends Which Data Report You Cite

Is Renting Less or More Expensive? It Depends Which Data Report You Cite

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of newly published data reports offer strikingly different views of the rental housing market, with one report stating rents are going down and the other claiming rents have become more expensive. Redfin (NASDAQ: RDFN) reported the median asking rent of April...
Report: Typical Home Sold in 2024 Was 36 Years Old

Report: Typical Home Sold in 2024 Was 36 Years Old

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home sold during 2024 was 36 years old, according to a new report from Redfin (NASDAQ: RDFN). This marked a new record for the average age of sold homes, and it was also nine years older than the median age of homes purchased in 2012. Condominiums being...
California Housing Affordability Level Improves Slightly

California Housing Affordability Level Improves Slightly

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
Pope Leo XIV’s Chicago-Area Childhood Home Taken Off the Market

Pope Leo XIV’s Chicago-Area Childhood Home Taken Off the Market

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The owner of the Chicago-area residence that was the childhood home of Pope Leo XIV has been taken off the market. The 1,200-square-foot brick home in Dolton, Illinois, located near the South Side of Chicago, was thrust into the real estate spotlight last week when...
KB Homes Debuts New Community in Seattle-Tacoma Market

KB Homes Debuts New Community in Seattle-Tacoma Market

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder KB Home (NYSE: KBH) has announced the grand opening of Enclave at White River, a new community of one- and two-story homes at Buckley, Washington, in the Seattle-Tacoma market. According to the company, the new homes feature up to six bedrooms and four...
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