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NAR: Q1 Home Prices Up in 83% of Metro Markets

NAR: Q1 Home Prices Up in 83% of Metro Markets

by Phil Hall | May 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family existing home sales prices were up in 83% of metro markets (189 out of 228) during the first quarter, according to data from the National Association of Realtors (NAR), which also found 11% of the tracked metro areas recorded double-digit price gains,...
Q1 Home Equity Levels Down Slightly

Q1 Home Equity Levels Down Slightly

by Phil Hall | May 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM has found 46.2% of mortgaged residential properties were considered equity-rich in the first quarter, down from 47.7% in the fourth quarter of 2024. However, the rate is also nearly double what it was in the first quarter of 2020, prior to...
Washington State Rent Cap Bill Signed into Law

Washington State Rent Cap Bill Signed into Law

by Phil Hall | May 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Washington Gov. Bob Ferguson signed a bill into law that imposes rent caps on the state’s  landlords. House Bill 1217 limits rent increases for existing tenants in Washington state to 7% plus inflation or 10%, whichever is lower, and it also limits rent...
Active Listings in Washington, DC Metro Area Up 25.1% from Last Year

Active Listings in Washington, DC Metro Area Up 25.1% from Last Year

by Phil Hall | May 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Active listings of homes in Washington, DC metro area shot up by 25.1% year-over-year during the four weeks ending April 27, according to data from Redfin (NASDAQ: RDFN). This marked the highest level of home for sale in that market since 2022. By comparison, active...
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years

Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years

by Phil Hall | May 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one-third (30%) of Americans who do not own a home doubt that they will buy one within the next five years, according to a new Gallup poll, 23% do not believe they will achieve homeownership in the next 10 years and 45% said it would not happen for the...
Lennar Opens New 55+ Master-Planned Community in South Carolina

Lennar Opens New 55+ Master-Planned Community in South Carolina

by Phil Hall | May 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar Corp. (NYSE: LEN) announced the grand opening of Roselyn, a new 55+ master-planned community in Lancaster, South Carolina. Roselyn encompasses three of Lennar’s single-story collections – Garden, Blossom and Primrose – with home designs...
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