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CrossCountry Mortgage Raises Its Agency Conforming Loan Limits

CrossCountry Mortgage Raises Its Agency Conforming Loan Limits

by Phil Hall | Sep 25, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cleveland-headquartered CrossCountry Mortgage (CCM) has increased its agency conforming loan limits to $819,000, up from the current $806,500. According to the company, this action comes through CCM’s Early Bird Program and is being enacted months ahead of the...
$48 Million Beverly Hills Estate Topped August’s List of Most Expensive Home Sales

$48 Million Beverly Hills Estate Topped August’s List of Most Expensive Home Sales

by Phil Hall | Sep 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The $48 million price tag on the Beverly Hills estate previously owned by billionaire real estate magnate and 2022 Los Angeles mayoral candidate Rick Caruso topped the list of the most expensive home sales during August, according to a new report from Redfin. Two of...
New Home Sales Surge by 20.5%

New Home Sales Surge by 20.5%

by Phil Hall | Sep 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in August were at a seasonally adjusted annual rate of 800,000, a 20.5% surge from the July rate of 664,000 and a 15.4% rise above the August 2024 rate of 693,000. According to estimates released by the US Census Bureau and the...
Mortgage Application Activity Records Slight Uptick

Mortgage Application Activity Records Slight Uptick

by Phil Hall | Sep 24, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications inched up at a mild pace during the week ending Sept. 19, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, recorded a 0.6% uptick on a seasonally...
Virginia Home Sales Hold Steady Amid Surge in New Listings

Virginia Home Sales Hold Steady Amid Surge in New Listings

by Phil Hall | Sep 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 9,423 homes were sold statewide in Virginia during August just 15 more than one year before, marking a scant 0.2% uptick. According to data from Virginia Realtors, August also saw 24,606 active listings statewide, a 26.2% surge from last year. Nearly 13,000...
Forecast Warns of 10% Spike in Electric Heating Costs This Winter

Forecast Warns of 10% Spike in Electric Heating Costs This Winter

by Phil Hall | Sep 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Households that heat their residences with electricity could see a 10.2% increase in their winter heating bills to an average of $1,205 this year, up from $1,093 last winter. According to a forecast from the National Energy Assistance Directors Association (NEADA),...
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