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New Record High for Delaware’s Median Sales Price

New Record High for Delaware’s Median Sales Price

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

The Delaware median sales price broke the $400,000 mark for the first time in June when it hit $405,996 – the previous record of $399,000 was achieved one month earlier. In June 2024, the price was $389,833. Delaware recorded 1,300 home sales during June, a slight...
Starter Homes Sales and Prices on the Rise

Starter Homes Sales and Prices on the Rise

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

Sales of starter homes rose 3.9% year-over-year in June to the highest level in two years, according to a new report from Redfin. June was the 10th consecutive month in which home sales rose year-over-year. Pending sales of starter homes were also up last month with a...
New Report Details Skyrocketing NYC Rental Housing Costs

New Report Details Skyrocketing NYC Rental Housing Costs

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

The median asking rent in New York accounted for 55% of a typical household income in the second quarter of 2025, nearly 10% above the 44.5% national median in the for-sale market and more than double the recent share for typical renters nationwide. According to a new...
Case-Shiller: Home Price Momentum Continues to Slow

Case-Shiller: Home Price Momentum Continues to Slow

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

The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 2.3% annual return for May, down from a 2.7% annual gain in the previous month. The 10-City Composite saw an annual increase of 3.4%, down from a 4.1% annual increase in the previous month,...
Report: Increase in Home Equity Originations, Debt Outstanding During 2024

Report: Increase in Home Equity Originations, Debt Outstanding During 2024

by Phil Hall | Jul 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 7.2% year-over-year during 2024 while total HELOC and home equity loan debt outstanding grew 10.3%, according to the Mortgage Bankers Association’s (MBA)...
Turnbridge Equities to Launch Construction on 37-Story Luxury Tower in Raleigh

Turnbridge Equities to Launch Construction on 37-Story Luxury Tower in Raleigh

by Phil Hall | Jul 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Turnbridge Equities, a New York City-based real estate investment company, has begun site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina. When completed, Highline Glenwood...
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