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Refinancing Inquiries Spark Upswing in Mortgage Application Activity

Refinancing Inquiries Spark Upswing in Mortgage Application Activity

by Phil Hall | Jan 21, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise thanks mainly to an upswing in refinance inquiries fueled by declining mortgage rates, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 16. The Market Composite Index, the MBA’s...
New York State Home Sales Up 2.5%

New York State Home Sales Up 2.5%

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State closed 2025 with 9,649 home sales in December, a 2.5% increase from 9,416 homes sold one year earlier. According to the New York State Association of Realtors, pending sales were up 2.1% from 6,214 homes under contract one year ago to 9,649 in December....
Report: National House Prices Nearly Unchanged in 2025

Report: National House Prices Nearly Unchanged in 2025

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from First American Data & Analytics, a division of First American Financial Corporation (NYSE: FAF), showed home price acceleration came to a near halt during 2025. The company’s December 2025 Home Price Index found a -0.2% change from November...
‘Fresh Prince of Bel-Air’ Mansion Coming to Market for Just Under $30 Million

‘Fresh Prince of Bel-Air’ Mansion Coming to Market for Just Under $30 Million

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The posh mansion that was the setting for the classic sitcom “The Fresh Prince of Bel-Air” is going up for sale for the first time in 48 years. TMZ reports the 38,510-square foot property will go on the market later this month for just under $30 million. The...
Federal Home Loan Bank of Chicago Allocates $28 Million for Down Payment Assistance Programs

Federal Home Loan Bank of Chicago Allocates $28 Million for Down Payment Assistance Programs

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the 2026 iteration of its Downpayment Plus and Downpayment Plus Advantage grant programs with a $28 million allocation to help income-eligible homebuyers across Illinois and Wisconsin. Working in...
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections

Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections

by Phil Hall | Jan 19, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A federal bankruptcy judge approved the $451 million sale of a 93-building portfolio encompassing more than 5,100 rent-stabilized apartments in New York City, ignoring efforts by Mayor Zohran Mamdani to block the transaction. The Gothamist reports the real estate firm...
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