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California Home Affordability Improves Slightly From One Year Ago

California Home Affordability Improves Slightly From One Year Ago

by Phil Hall | Aug 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market

Only 15% of California households could afford to purchase the $905,680 median-priced home in the second quarter, down from 17% in the first quarter and up slightly from 14% in the second quarter of 2024. According to data from the California Association of Realtors...
Three Out of Four Metro Areas Saw Q2 Home Price Increases

Three Out of Four Metro Areas Saw Q2 Home Price Increases

by Phil Hall | Aug 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the National Association of Realtors (NAR) has determined three-quarters of the US metro markets (170 out of 228) registered home price gains during the second quarter, which is down from 83% in the first quarter. Only 5% of metro areas recorded...
Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing

Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing

by Phil Hall | Aug 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The summer doldrums weighted on the Mid-Atlantic markets in the Bright MLS service area, which recorded a 2.8% year-over-year decline in closed sales during July. Last month, there were 20,847 new pending contracts in the Bright MLS service area, down by 1.7% from the...
Trump Hints at Merged Fannie-Freddie with November Listing on NYSE

Trump Hints at Merged Fannie-Freddie with November Listing on NYSE

by Phil Hall | Aug 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Trump has provided a broad hint at his plans for privatizing Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). In a posting on Truth Social, the president posted an AI-generated photo showing him at the opening bell of the New York Stock Exchange, with...
Report: Cash-Out Refinances Fuels Most Refinancing Activity

Report: Cash-Out Refinances Fuels Most Refinancing Activity

by Phil Hall | Aug 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cash-out refinances accounted for 59% of all refinance transactions in the second quarter, according to new data published in Intercontinental Exchange’s (NYSE: ICE) August 2025 Mortgage Monitor report, which noted 70% of those borrowers accepted higher interest...
Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing

Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing

by Phil Hall | Aug 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One year after putting his longtime home in New York’s Shelter Island on the market, comedian Louis CK is listing it again at a significant discount. Realtor.com reports the home is now being offer for $4.3 million, which is less than half of the $9.25 million...
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