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Report: New Apartments Sitting Vacant for Months

Report: New Apartments Sitting Vacant for Months

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

Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income

Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income

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

A new bill has been introduced in the Ohio legislature that would enact a 50% reduction in the property tax of any homeowner age 65 or older, regardless of income. Vindy.com reports the bill authored by State Sen. Al Cutrona (R-Canfield) would come in addition to the...
Home Vacancy Rate Holds Steady for 13th Straight Quarter

Home Vacancy Rate Holds Steady for 13th Straight Quarter

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

Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant in the second quarter, according to new data from ATTOM. This marks the 13th consecutive quarter that the vacancy rate has hovered around 1.3%. ATTOM’s analysis found 222,358...
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...
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