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Existing Home Sales Down by 0.5% in April

Existing Home Sales Down by 0.5% in April

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during April dropped by 0.5% from March to a seasonally adjusted annual rate of 4.00 million in April, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales were down by 2.0% from 4.08 million in...
$16.9 Million Allocated for Virginia Workforce Housing Investment Program

$16.9 Million Allocated for Virginia Workforce Housing Investment Program

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Virginia Gov. Glenn Youngkin has announced more than $16.9 million of funding for the Virginia Workforce Housing Investment Program to support the development of 740 workforce housing units across 10 localities. Virginia Housing administers the Workforce Housing...
Listings Featuring Swimming Pools at an All-Time High

Listings Featuring Swimming Pools at an All-Time High

by Phil Hall | May 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ahead of the Memorial Day weekend’s launch into the summer season, Realtor.com has released a new data analysis that determined the share of listings featuring swimming pools reached an all-time high this April. According to Realtor.com, the price premium for a home...
Pennsylvania Home Sales Up 11%

Pennsylvania Home Sales Up 11%

by Phil Hall | May 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Pennsylvania during April totaled 9,161 transactions, up 11% from the previous month but down 5.8% from one year earlier. According to data from the Pennsylvania Association of Realtors (PAR), listings were up 3.5% from March, and up 7% from April 2024....
MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’

MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’

by Phil Hall | May 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chief executive of the Mortgage Bankers Association (MBA) praised the Trump administration for having a strong understanding of how the housing market operates. Speaking before the trade group’s 2025 Secondary and Capital Markets Conference, MBA President and CEO...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | May 21, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the week ending May 16, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one...
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