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Report: $603 Billion Spent on Home Remodeling Projects in 2024

Report: $603 Billion Spent on Home Remodeling Projects in 2024

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans spent an estimated $603 billion on home remodeling projects in 2024, according to new data from the National Association of Realtors (NAR). The top remodeling projects that realtors recommended to sellers before listing their homes included painting the...
Mortgage Application Activity Surges by 20%

Mortgage Application Activity Surges by 20%

by Phil Hall | Apr 9, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications surged to its highest level since last September, according to data from the Mortgage Bankers Association (MBA) covering the week ending April 4. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 20% on...
Northeast Housing Markets Lead Nation for Down Payment Increases

Northeast Housing Markets Lead Nation for Down Payment Increases

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Northeast led the nation last year with the greatest increases in median down payments while Southern and Western states recorded the most significant declines. According to new data from Realtor.com, Delaware led the nation in 2024 with a 38.6% rise in median...
Buffalo Homeowners Face Prospect of 8% Property Tax Hike

Buffalo Homeowners Face Prospect of 8% Property Tax Hike

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Buffalo, New York, face the prospect of an 8% increase in their property tax under the $622 million budget proposed by Acting Mayor Chris Scanlon. WBEN reports Scanlon is proposing the tax hike to fill a $17 million mid-year budget fall that he inherited...
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending its foreclosure moratoriums on FHA-insured single-family mortgages in areas impacted by Hurricanes Helene and Milton by an additional 90 days....
Report: Roof Repair Costs at $31 Billion in 2024

Report: Roof Repair Costs at $31 Billion in 2024

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to the US Roofing Realities Trend Report published by Verisk (NASDAQ: VRSK). This is a nearly 30% surge since 2022. Roof related line items made up more than one-quarter of all...
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