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Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Last year’s figures marked a 27.1% decline from 17 units per 10,000 people during the pandemic-era...
Century Communities Unveils New Atlanta-Area Community

Century Communities Unveils New Atlanta-Area Community

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Century Communities Inc. (NYSE: CCS) has announced it will soon open The Ridge at Twin Rivers in Covington, Georgia, located about 35 miles from Atlanta. The new community is part of the company’s Century Complete brand and will feature nearly 100 single-family...
Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million

Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Villa San-Juliette, a luxury estate and winery in Paso Robles, California, that is owned by “American Idol” producers Ken Warwick and Nigel Lythgoe, is going up for auction with a listing price of $14.75 million. Located in California’s Central Coast wine...
Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents

Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

StreetEasy, a listing platform owned by Zillow Group (NASDAQ: Z, ZG), announced that it will prevent access by New York City agents who publicly market listings to a select group of potential buyers. In a blog post on the StreetEasy website, Vice President and General...
The State with the Greatest Increase in Mortgage Debt Is…

The State with the Greatest Increase in Mortgage Debt Is…

by Phil Hall | May 1, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the nation’s smallest states has the greatest increase of mortgage debt, according to a new data report from WalletHub. In an analysis of proprietary data from 2024’s third quarter to fourth quarter, Vermont recorded the greatest upswing in mortgage debt, with...
Mortgage Rates Continue Their Decline

Mortgage Rates Continue Their Decline

by Phil Hall | May 1, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.22%....
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