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Illinois Home Sales Up 7%

Illinois Home Sales Up 7%

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 7,471 homes were sold in Illinois during January, a 7% year-over-year increase, according to data from Illinois Realtors. The state’s housing inventory was up by 1.5% from one year earlier, with 16,919 homes available for sale. January’s median price of...
S&P/Case-Shiller Index Hits 19th Straight All-Time High

S&P/Case-Shiller Index Hits 19th Straight All-Time High

by Phil Hall | Feb 25, 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 recorded a 3.9% annual return for December, up from a 3.7% annual gain in the previous month. December’s upswing marked a 19th consecutive all-time high for the index. The 10-City Composite saw an...
Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive

Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The intersection of real estate, TikTok and highly priced eggs overlapped into a newly popular viral video where a North Carolina real estate agent is promising free eggs as an incentive for a home sale. TikTok user @aaronc97_ documented this unlikely incentive when...
Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Goodman Real Estate, a Seattle-headquartered real estate investment company specializing in multifamily and commercial real estate, has acquired Town Deer Valley Apartments, a 388-unit Class A property located in Phoenix, for $131.1 million. The sale was facilitated...
New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays

New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays

by Phil Hall | Feb 24, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports are showing a decline in mortgage applications for new home purchases and the increased challenges in being able to afford a mortgage. The Mortgage Bankers Association (MBA) reported mortgage applications for new home purchases decreased 6%...
Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop

Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop

by Phil Hall | Feb 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market began 2025 with 15,384 closed sales of single-family homes statewide, up 3.6% from the January 2024 level, according to data from Florida Realtors. The statewide total of 5,787 existing condo-townhouse sales was down 3.7% year-over-year....
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