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Mortgage Application Activity Slows for Third Straight Week

Mortgage Application Activity Slows for Third Straight Week

by Phil Hall | Jun 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity was down for the third straight week, according to data from the from the Mortgage Bankers Association (MBA) covering the week ending May 30; the data included an adjustment for the Memorial Day holiday. The Market Composite Index, the...
Richmond American Homes to Build New Community in Jacksonville

Richmond American Homes to Build New Community in Jacksonville

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Richmond American Homes of Florida LP, a subsidiary of MDC Holdings Inc., has purchased and closed on 151 future homesites in Jacksonville, Florida, that will become the location of its new Laurelton master-planned community. Laurelton will feature single- and...
NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’

NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chief economist with the National Association of Realtors (NAR) has defined today’s housing market as a challenging environment burdened by circumstances beyond its control. Speaking at NAR’s 2025 Realtors Legislative Meetings in Washington, DC, Lawrence Yun...
Utah’s Largest Mansion Goes Up for Auction This Week

Utah’s Largest Mansion Goes Up for Auction This Week

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Utah’s largest mansion is going up for auction later this week. Mansion Global reports the 154-acre ranch in Hyram, Utah, features a five-level, 40,000-square-foot residence with 10 bedrooms and 18 full and partial bathrooms. The residence also includes a dining room...
North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing

North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when states and localities are looking to cut property taxes and increase affordable housing, the Board of Commissioners in North Carolina’s Wake County went the opposite route in passing a $2.17 billion budget that raises property taxes and reduces proposed...
Listings Go Live at Brooklyn’s Tallest Residential Tower

Listings Go Live at Brooklyn’s Tallest Residential Tower

by Phil Hall | Jun 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Silverstein Properties announced that listings are now live at the 93-story Brooklyn Tower, the tallest building in Brooklyn. Rising over 1,066 feet, the tower features 143 luxury condominiums available for immediate occupancy. Pricing starts at $965,000 for...
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