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Home Sale Cancellation Rate Holds Steady at 13.6%

Home Sale Cancellation Rate Holds Steady at 13.6%

by Phil Hall | Jun 17, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers backing out of contracts during May totaled 13.6% of the month’s home sale, according to new data from Redfin. That share was unchanged from April on a seasonally adjusted basis and is also marked the fourth consecutive month that contract...
Report: Elevated Credit Inquiry Velocity is Top Fraud Risk Indicator for Rental Applications

Report: Elevated Credit Inquiry Velocity is Top Fraud Risk Indicator for Rental Applications

by Phil Hall | Jun 17, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property managers should be wary of rental applicants with an unusually high number of recent credit inquiries, according to a new research report from TransUnion (NYSE: TRU). The report found applicants with 15 or more credit inquiries in the seven days prior to...
Pending Home Sales Record Vibrant Upswing in May

Pending Home Sales Record Vibrant Upswing in May

by Phil Hall | Jun 17, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in May experienced a 3.8% month-over-month increase and a 4.8% year-over-year upswing, according to data from the National Association of Realtors (NAR). Month-over-month and year-over-year pending home sales were up in all four regions (Northeast,...
Mortgage Application Activity Down by Nearly 4%

Mortgage Application Activity Down by Nearly 4%

by Phil Hall | Jun 17, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the week ending June 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a seasonally adjusted basis from...
Study: America’s Best-Run City Is…

Study: America’s Best-Run City Is…

by Phil Hall | Jun 17, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at WalletHub are back with a new data study, this time highlighting 2026’s Best- & Worst-Run Cities in America. For this study, WalletHub analyzed 148 of the nation’s largest cities through the spectrum of a “Quality of City Services” score...
Cole West Debuts New Community in Utah

Cole West Debuts New Community in Utah

by Phil Hall | Jun 17, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate development firm Cole West has announced the grand opening at its new community, theMADISON, in Syracuse, Utah. Located approximately 30 miles from Salt Lake City, theMADISON consists of 11 single-family homes and 165 apartments for rent. The homes...
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