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Cyberattack Shuts Down Real Estate Transactions in Wisconsin County

Cyberattack Shuts Down Real Estate Transactions in Wisconsin County

by Phil Hall | May 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate transactions in a Wisconsin’s county came to a halt following an April ransomware cyberattack that deleted the county’s network, erasing the titles needed to close on properties. WMTV reports the attack occurred last month in the state’s Iowa County,...
Yes Communities Launches New Manufactured Housing Community in Florida

Yes Communities Launches New Manufactured Housing Community in Florida

by Phil Hall | May 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Denver-headquartered Yes Communities announced the grand opening of Savannas Ridge, its new manufactured housing community in Fort Pierce, Florida. According to the company, Savannas Ridge “offers a variety of home styles and open floor plans with modern finishes to...
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

by Phil Hall | May 29, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of May 29, up from last week when it averaged 6.86%. A year ago at this time, it averaged...
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network

New Jersey’s Bergen County to Put Property Deeds on Blockchain Network

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey’s Bergen County, an upscale suburb of New York City, has announced a five-year agreement with blockchain software firm Balcony that will digitize all its property deeds on the Avalanche network. CoinDesk reports this endeavor will impact the property record...
Pending Home Sales Down 6.3% in April

Pending Home Sales Down 6.3% in April

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales sank during April, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s forward-looking indicator of home sales based on contract signings – tumbled by 6.3% to 71.3 in April from March....
Data Reports Affirm Housing Supply Outpaces Demands

Data Reports Affirm Housing Supply Outpaces Demands

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market’s supply-and-demand imbalance has tilted in favor of homebuyers, according to a pair of new data reports. Redfin (NASDAQ: RDFN) reports there is currently an estimated 1.9 million home sellers nationwide competing for an estimated 1.5 million...
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