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Q3 Home Sales Profits Near 50% Margin

Q3 Home Sales Profits Near 50% Margin

by Phil Hall | Oct 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners, on average, made a 49.9% profit selling single-family homes and condos during the third quarter, up from a 49.3% profit margin in the previous quarter but down from the 55.4% average profit in the third quarter of 2024. The profit margin is the percent...
NYC Median Rent Up 5.4% from Last Year

NYC Median Rent Up 5.4% from Last Year

by Phil Hall | Oct 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in New York City reached $3,599 during the third quarter, up 5.4% from one year ago, according to the latest NYC Rent Report from Realtor.com. The current median rent for the city’s residents is now 20.2% higher than it was prior to the...
New Home Purchase Mortgage Applications Up 2% in September

New Home Purchase Mortgage Applications Up 2% in September

by Phil Hall | Oct 16, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases increased 2% in September compared to one year earlier, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications declined by 5%. The MBA estimated new single-family home...
Who Wants to Buy a Haunted House? You Might Be Surprised!

Who Wants to Buy a Haunted House? You Might Be Surprised!

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

With Halloween around the corner, there is more attention being given to haunted houses – and the trick-or-treaters over at Real Estate Witch, an online publication owned by Clever Real Estate, has put out a new survey regarding creepy old residences. According to...
California Home Sales Rebounded in September

California Home Sales Rebounded in September

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

A total of 277,410 closed escrow sales of existing, single-family detached homes was recorded in California in September, a 5% jump from the 264,240 homes sold in August and a 6.6% spike from the 260,340 homes sold in September 2024. According to the California...
Survey: 1 in 5 Gen Zers Cite Housing Affordability as Their Greatest Concern

Survey: 1 in 5 Gen Zers Cite Housing Affordability as Their Greatest Concern

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

A new survey of Gen Z Americans found one in five (16%) members of this youthful demographic declaring housing affordability to be one of their greatest concerns in life. The new Realtor.com survey, which polled 1,000 adults between the ages of 18-27, found 82% of...
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