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Mortgage Applications Down, Homeowner Equity Up

Mortgage Applications Down, Homeowner Equity Up

by Phil Hall | Mar 19, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity took a tumble while homeowner equity was on the rise in a pair of newly published data reports. Mortgage applications decreased 6.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters

Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters

by Phil Hall | Mar 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The odds are against extremely low-income renters finding affordable housing in the nation’s gambling capital, according to a new data report from the National Low Income Housing Coalition. The newly published “The Gap: A Shortage of Available Homes” analyzed the 50...
California Records Highest Home Sales in Over 2 Years

California Records Highest Home Sales in Over 2 Years

by Phil Hall | Mar 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing single-family home sales in California during February totaled 283,540 on a seasonally adjusted annualized rate, an 11.6% spike from the 254,110 transactions in January and a 2.6% bump-up from the 276,280 sales in February 2024. According to the California...
A Phil Hall Op-Ed: Save the CDFI Fund from Trump’s Chopping Block

A Phil Hall Op-Ed: Save the CDFI Fund from Trump’s Chopping Block

by Phil Hall | Mar 18, 2025 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Last Friday evening, the White House quietly released a news statement that President Trump signed an Executive Order that identified seven federal agencies and declared their “non-statutory components and functions … shall be eliminated to the...
Single-Family Housing Starts Up 11.4%

Single-Family Housing Starts Up 11.4%

by Phil Hall | Mar 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in February were at a rate of 1.10 million, according to data from the US Census Bureau and Department of Housing and Urban Development. This is an 11.4% jump from the revised January figure of 995,000. Privately-owned housing starts in...
New Rental Home Community Opening in Phoenix

New Rental Home Community Opening in Phoenix

by Phil Hall | Mar 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Scottsdale-based build-to-rent developer BB Living has unveiled its latest community, BB Living Desert Ridge in Phoenix. The new community of 108 luxury single family rental townhomes sits on 12.4 acres and offers both three- and four-bedroom floorplans. Each home...
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