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Single-Family Housing Starts Up in December

Single-Family Housing Starts Up in December

by Phil Hall | Jan 17, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts were at a rate of 1.05 million in December, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 3.3% above the revised November figure of 1.01 million. Privately-owned housing starts in...
RE/MAX: December Home Sales Up 13.3% Year-Over-Year

RE/MAX: December Home Sales Up 13.3% Year-Over-Year

by Phil Hall | Jan 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

December was the eighth month of 2024 to record year-over-year home sales, according to new data from RE/MAX (NYSE: RMAX). Last month’s home sales were up 13.3% over December 2023 and were also 4.4% above the level set in November. While the number of homes for sale...
Builder Confidence Inches Up

Builder Confidence Inches Up

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder sentiment began 2025 with a mild upswing, despite concerns over how building material tariffs and costs and a larger government deficit could impact inflation and mortgage rates. Builder confidence in the market for newly built single-family homes was 47 in...
FCC Warns Against Fraudulent Mortgage Calling Campaign

FCC Warns Against Fraudulent Mortgage Calling Campaign

by Phil Hall | Jan 16, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Communications Commission (FCC) has issued a warning about a deceptive and fraudulent calling campaign targeting homeowners across the country. The agency identified the source of the fraud as a calling campaign dubbed “Green Mirage,” which has been...
CFPB: Homeowners Near Rivers and Creeks More Likely to be Underinsured Against Flooding

CFPB: Homeowners Near Rivers and Creeks More Likely to be Underinsured Against Flooding

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued a new report that found homeowners who face flooding from rivers and creeks were more likely to be underinsured than residents of coastal areas. The report, which used a sample of mortgage applications from...
Mortgage Rates Break Past 7% Level

Mortgage Rates Break Past 7% Level

by Phil Hall | Jan 16, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage broke through the 7% mark this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 7.04% average as of Jan. 16, up from last week when it averaged 6.93%. One year ago at this time, it...
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