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Mortgage Rates Inch Down

Mortgage Rates Inch Down

by Phil Hall | Apr 9, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates declined for the first time in six weeks, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. A year ago at...
Report: A Record 34% of February Home Sellers Reduced Their Listing Prices

Report: A Record 34% of February Home Sellers Reduced Their Listing Prices

by Phil Hall | Apr 9, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than one-third (34.2%) of home sellers lowered their listing price during February, according to a new data report from Redfin. This marked the highest February share in records dating back to 2012. One year ago, 31.5% of sellers reduced their prices. Sellers who...
Property Tax on Average Single-Family Home Increased 3% in 2025

Property Tax on Average Single-Family Home Increased 3% in 2025

by Phil Hall | Apr 9, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average single-family home, with an estimated value of $494,231, generated $4,427 in taxes during 2025, a 3% year-year-over increase, according to new data from ATTOM. Last year, $396.8 billion in property taxes were levied on more than 89.6 million single-family...
Ground Broken on New Affordable Housing Development in Columbus, Ohio

Ground Broken on New Affordable Housing Development in Columbus, Ohio

by Phil Hall | Apr 9, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lincoln Avenue Communities (LAC), an acquirer and developer of affordable housing, broke ground on Landmark on Scioto, a new 321-unit affordable housing community in Columbus, Ohio. The 44.5-acre build-to-rent development is LAC’s first ground-up construction...
Which Market Boasts 99% of Active Listings Priced at $1 Million or Higher?

Which Market Boasts 99% of Active Listings Priced at $1 Million or Higher?

by Phil Hall | Apr 8, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There are affluent neighborhoods, then there are very wealthy neighborhoods, and then there is a Cape Cod locality where nearly all active listings carry prices starting in the seven-digit range. According to data from Realtor.com, Nantucket, Massachusetts, has the...
META Development Breaks Ground on 14-Unit Luxury Residence in Miami

META Development Breaks Ground on 14-Unit Luxury Residence in Miami

by Phil Hall | Apr 8, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

META Development has broken ground on OPUS Coconut Grove, its new boutique luxury residence in Miami. OPUS encompasses 12 residences and two penthouses that residences begin at approximately 1,900 square feet, with expansive layouts and corner units featuring...
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