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Existing Home Sales Down by 1% in September

Existing Home Sales Down by 1% in September

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down in September despite an uptick in the total housing inventory, according to new data from to the National Association of Realtors (NAR). Total existing home sales dropped by 1.0% from August to a seasonally adjusted annual rate of 3.84...
Mortgage Applications Down, Forbearance Levels Up

Mortgage Applications Down, Forbearance Levels Up

by Phil Hall | Oct 23, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Pennsylvania Home Sales Down Despite Growing Inventory

Pennsylvania Home Sales Down Despite Growing Inventory

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in the Keystone State were down in September despite a spike in new listings, according to new data from the Pennsylvania Association of Realtors (PAR) A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. This occurred despite...

Texas Median Home Sale Prices Hold Steady During Q3

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The statewide median home sale price in Texas was $340,000 during the third quarter, unchanged from one year earlier. According to data from Texas Realtors, the median home sales prices were up in 17 of the state’s metro areas and down in nine. Eagle Pass recorded the...
Arizona Blocks Wildcat Development in Water-Challenged Community

Arizona Blocks Wildcat Development in Water-Challenged Community

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Arizona Department of Real Estate (ADRE) has sent a cease-and-desist order against three entities to stop illegal subdividing, also known as “wildcat development,” in the unincorporated Rio Verde Foothills community located east of Scottsdale. The ADRE alleged the...
Report: 3 in 5 Gen Zers are Rent Burdened

Report: 3 in 5 Gen Zers are Rent Burdened

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of all renter households are burdened by rent costs, with Gen Z renters carrying the greatest burden, according to a data analysis report by Zillow (NASDAQ: Z, ZG) and its StreetEasy brand. The new data analysis, which is based on the US Census...
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