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Mortgage Rates Inch Up

Mortgage Rates Inch Up

by Phil Hall | May 22, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were up in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. A year ago at this time, it averaged 6.94%. The 15-year...
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Chicago suburb of Dolton, Illinois, has threatened to use eminent domain to seize the childhood home of Pope Leo XIV, which is scheduled to go up for auction next month. The Chicago Sun-Times the property is slated to be auctioned on June 18 by Paramount Realty...
Existing Home Sales Down by 0.5% in April

Existing Home Sales Down by 0.5% in April

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during April dropped by 0.5% from March to a seasonally adjusted annual rate of 4.00 million in April, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales were down by 2.0% from 4.08 million in...
$16.9 Million Allocated for Virginia Workforce Housing Investment Program

$16.9 Million Allocated for Virginia Workforce Housing Investment Program

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Virginia Gov. Glenn Youngkin has announced more than $16.9 million of funding for the Virginia Workforce Housing Investment Program to support the development of 740 workforce housing units across 10 localities. Virginia Housing administers the Workforce Housing...
Listings Featuring Swimming Pools at an All-Time High

Listings Featuring Swimming Pools at an All-Time High

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

Ahead of the Memorial Day weekend’s launch into the summer season, Realtor.com has released a new data analysis that determined the share of listings featuring swimming pools reached an all-time high this April. According to Realtor.com, the price premium for a home...
Pennsylvania Home Sales Up 11%

Pennsylvania Home Sales Up 11%

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

Home sales in Pennsylvania during April totaled 9,161 transactions, up 11% from the previous month but down 5.8% from one year earlier. According to data from the Pennsylvania Association of Realtors (PAR), listings were up 3.5% from March, and up 7% from April 2024....
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