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New Rent Hikes Coming to NYC’s Stabilized Apartments

New Rent Hikes Coming to NYC’s Stabilized Apartments

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

Residents in New York City’s rent-stabilized apartments will soon be paying more to cover their housing costs. Nearly one million New Yorkers live in rent-stabilized apartments. The typical monthly cost of a rent-stabilized apartment in the city is roughly $1,500,...
Pending Home Sales Jump by 6.1%

Pending Home Sales Jump by 6.1%

by Phil Hall | Apr 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales surged by in March, marking the greatest month-to-month increase since December 2023. The National Association of Realtors’ (NAR) Pending Home Sales Index was up by 6.1% month-over-month to a reading of 76.5 in March; an index of 100 is equal to the...
The Best Months for Selling a Home Are…

The Best Months for Selling a Home Are…

by Phil Hall | Apr 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

When it comes to being in the right place at the right time, home sellers may wish to consider a new data analysis by ATTOM that found the months of May, February and April offer the highest seller premiums. In a number-crunch of more than 47 million single-family...
Mortgage Application Activity Remains Weak

Mortgage Application Activity Remains Weak

by Phil Hall | Apr 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity weakened during the week ending April 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.2% on a seasonally adjusted basis from...
Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs

Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs

by Phil Hall | Apr 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners, on average, pay $671 out of pocket for emergency sewer repairs, with one in 12 spending over $2,000. According to a new data report from Guardian Service, 76% of homeowners underestimate the cost of major plumbing repairs, assuming it will be...
Wisconsin Records Double-Digit Drop in Existing Home Sales

Wisconsin Records Double-Digit Drop in Existing Home Sales

by Phil Hall | Apr 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wisconsin recorded a double-digit drop in existing home sales during March as inventories remained tight. According to data from the Wisconsin Realtors Association, there was a total of 4,279 home sales last month, down 10.2% compared to the 4,764 sales in March 2024....
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