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Survey: Nearly One-Third of First-Time Homebuyers Express Buyer’s Remorse

Survey: Nearly One-Third of First-Time Homebuyers Express Buyer’s Remorse

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-third of first-time homebuyers settled into their new residences in a state of regret. According to a nationwide survey of 1,005 homeowners conducted by Guardian Service, 31% of first-time homebuyers admitted they experienced buyer’s remorse after buying...
Three Multifamily Properties Adjacent to Utah Governor’s Mansion to be Demolished

Three Multifamily Properties Adjacent to Utah Governor’s Mansion to be Demolished

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three multifamily properties adjacent to the Utah Governor’s Mansion in Salt Lake City are scheduled to be demolished as part of a plan to improve security around the governor’s residence. Building Salt Lake reports the Utah Division of Facilities Construction filed a...
242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) announced the sale of The Liberty, a 242-unit multifamily property in the Minneapolis suburb of Golden Valley, Minnesota, for $59.5 million. Completed in 2017, The Liberty has 55 townhomes and...
New Home Sales Up 7.4%

New Home Sales Up 7.4%

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
CRMLS Rejects NAR’s Delayed Marketing Policy

CRMLS Rejects NAR’s Delayed Marketing Policy

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Regional MLS (CRMLS) is rejecting the National Association of Realtors’ (NAR) newly enacted Multiple Listing Options for Sellers policy. NAR’s policy created a category of exempt listings called “delayed marketing exempt listings” that will allow a seller...
Mortgage Application Activity Stumbles by 12.7%

Mortgage Application Activity Stumbles by 12.7%

by Phil Hall | Apr 23, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity dropped during the week ending April 18, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 12.7% on a seasonally adjusted basis from...
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