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Foreclosure Activity Continues to Rise

Foreclosure Activity Continues to Rise

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 36,033 residential properties had foreclosure filings during April, up by a slight 0.4% from the prior month and up by a more substantial 13.9% from one year ago. According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in...
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright-designed residence in Kalamazoo, Michigan, was sold after nearly one year and a $1 million cut to its listing price. Realtor.com reports the Usonian-style property known as the Robert D. and Winifred L. Winn House was first listed in June 2024 for...
Study: Abandoned Residential Properties Could be Worth Over $150 Billion

Study: Abandoned Residential Properties Could be Worth Over $150 Billion

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Abandoned residential properties may collectively be worth over $150 billion, according to a new study by the data provider PropertyChecker. The study observed there are roughly 15 million vacant homes across the US, with over 6.2 million of these properties being...
Construction Begins on 42-Unit Boston Affordable Housing Community

Construction Begins on 42-Unit Boston Affordable Housing Community

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Construction has begun on a $32 million, 42-unit affordable housing community in the Dorchester section of Boston. Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Talbot Commons I encompasses 40 LIHTC units...
Grassroots Movement Seeks to Abolish Ohio’s Property Taxes

Grassroots Movement Seeks to Abolish Ohio’s Property Taxes

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A grassroots initiative by Ohio homeowners is working to add a constitutional amendment to the November ballot that would abolish property taxes. News 5 Cleveland reports the Citizens for Property Tax Reform movement was formed by voters who were unhappy with what...
Mortgage Application Activity and Delinquencies Are Rising

Mortgage Application Activity and Delinquencies Are Rising

by Phil Hall | May 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing number of people are taking out mortgages while a rising level of homeowners aren’t paying their mortgages. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, increased 1.1% on a seasonally...
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