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Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The newly sworn-in Treasury Secretary Scott Bessent is making himself as home in Washington, DC, at a historic mansion that he acquired for $12.5 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the deal,” the property in...
Hits and Misses for the Real Estate Week of Jan. 27-31

Hits and Misses for the Real Estate Week of Jan. 27-31

by Phil Hall | Jan 31, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The unclear future for the CFPB, a Vermont housing shortage and a halt to San Diego housing vouchers. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 27-31. Miss: A Job Nobody Wants? If you are wondering about the...
Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices

Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices

by Phil Hall | Jan 31, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing advisor to Utah Gov. Spencer Cox is predicting the Trump administration’s crackdown on illegal immigration could drive up home prices. The Deseret News reports that Steve Waldrip, who serves as senior advisor for housing strategy and innovation for the...
Level of Newly Listed Homes Up 37.5% Month-Over-Month

Level of Newly Listed Homes Up 37.5% Month-Over-Month

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The nationwide level of newly listed homes grew 37.5% month-over-month in January, according to new data from Realtor.com. Newly listed homes were 10.8% above last year’s levels, an increase from December’s slight rise of 0.9%. Among the nation’s top 50...
NAR Debuts Fifth Season of ‘First-Time Buyer’ Series

NAR Debuts Fifth Season of ‘First-Time Buyer’ Series

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has released the fifth season of its docuseries “First-Time Buyer” available on Hulu. According to NAR, the new season offers unscripted stories following homebuyers in New York and Connecticut. The eight episodes, each under...
Mortgage Rates Stay Just Under 7%

Mortgage Rates Stay Just Under 7%

by Phil Hall | Jan 30, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates remained elevated in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of Jan. 30, down slightly from last week when it averaged 6.96%. A year ago at this time, it...
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