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New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Steadfast LA, the new nonprofit organization founded by developer and former mayoral candidate Rick Caruso to help in the recovery efforts across fire-ravaged Los Angeles County, is partnering with the prefab-home construction company Samara to provide new houses for...
Existing Home Sales Down by Nearly 5%

Existing Home Sales Down by Nearly 5%

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank in January by 4.9% from December to a seasonally adjusted annual rate of 4.08 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales inched up by 2.0% from 4 million in January 2024....
The Most Expensive US Home Listing Is…

The Most Expensive US Home Listing Is…

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wealthy homebuyers in search of ultra-luxury property should focus on the coastal Florida and Southern California markets, according to a new data report from Redfin (NASDAQ: RDFN). The regional dominance of Florida and California in the ultra-luxury sector might be...
Report: 2024 Housing Market Gained $2.5 Trillion in Value

Report: 2024 Housing Market Gained $2.5 Trillion in Value

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US housing market gained $2.5 trillion in value in 2024 to reach $49.7 trillion, according to a new data report from Redfin (NASDAQ: RDFN). But while the total value of the housing market grew 5.2% year-over-year, this represented the slowest growth in a calendar...
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line

Ohio’s Glasshouse Realty Group Debuts Luxury Business Line

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Glasshouse Realty Group, a real estate brokerage with 10 offices throughout Ohio, has launched Glasshouse Luxury, a business line dedicated to servicing high-end residential real estate transactions. According to the company, the launch of Glasshouse Luxury coincides...
Mortgage Rates Inch Lower

Mortgage Rates Inch Lower

by Phil Hall | Feb 20, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to trend down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20, down from last week when it averaged 6.87%. A year ago at this time, it averaged...
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