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Mortgage Application Activity Remains Weak

Mortgage Application Activity Remains Weak

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

Mortgage application activity weakened during the week ending April 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.2% on a seasonally adjusted basis from...
Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs

Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs

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

American homeowners, on average, pay $671 out of pocket for emergency sewer repairs, with one in 12 spending over $2,000. According to a new data report from Guardian Service, 76% of homeowners underestimate the cost of major plumbing repairs, assuming it will be...
Wisconsin Records Double-Digit Drop in Existing Home Sales

Wisconsin Records Double-Digit Drop in Existing Home Sales

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

Wisconsin recorded a double-digit drop in existing home sales during March as inventories remained tight. According to data from the Wisconsin Realtors Association, there was a total of 4,279 home sales last month, down 10.2% compared to the 4,764 sales in March 2024....
Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

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

The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for, according to a data report from Redfin (NASDAQ: RDFN), which noted this was biggest gap between asking and sales prices since May 2020. During March, Redfin determined...
Q1 US Homeownership Rate Down Slightly

Q1 US Homeownership Rate Down Slightly

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

The US homeownership rate of during the first quarter was 65.1%, according to data from the US Census Bureau. This is slightly below the 65.7% rate in the fourth quarter of 2024 and the 65.6% rate in the first quarter of 2024. The first quarter homeownership rate was...
Manufactured Housing Market Forecast to Reach $390 Billion by 2034

Manufactured Housing Market Forecast to Reach $390 Billion by 2034

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

The US manufactured housing market was valued at $221.30 billion in 2024 and is projected to grow from $234.19 billion in 2025 to $389.72 billion by 2034, according to a new forecast from Market Research Future, adding this market will record a compound annual growth...
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