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US Home Affordability Continued to Fray During Q2

US Home Affordability Continued to Fray During Q2

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the second quarter compared to historical averages in 99% of counties around the nation, according to new data from ATTOM, which also found that major expenses on median-priced homes consumed...
Mansion Tax Proposal Coming Back to Connecticut

Mansion Tax Proposal Coming Back to Connecticut

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new effort is underway to bring a mansion tax to Connecticut. CT Mirror reported State Sen. Martin M. Looney, a Democrat representing New Haven, is planning to put forth a mansion tax proposal when the state legislature reconvenes in January 2025. Looney, who is...
Mortgage Application Activity Slumps Again

Mortgage Application Activity Slumps Again

by Phil Hall | Jul 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity concluded last month in decline, according to the Mortgage Bankers Association (MBA) data for the week ending June 28. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 2.6% on a seasonally...
Study: Detroit Cited as Most Overvalued Housing Market

Study: Detroit Cited as Most Overvalued Housing Market

by Phil Hall | Jul 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Detroit has elbowed out Atlanta to become the most overpriced U.S. housing market, according to new the new Top 100 U.S. Housing Markets report from Florida Atlantic University and Florida International University. According to data covering May housing trends, homes...
Grant Cardone Lists $42 Million Florida Mansion on Propy Blockchain Platform

Grant Cardone Lists $42 Million Florida Mansion on Propy Blockchain Platform

by Phil Hall | Jul 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High-profile real estate investor Grant Cardone has listed a residential luxury property in Golden Beach, Florida, on the Propy blockchain-based real estate platform with an asking price of $42 million – and buyers will be able to use Bitcoin for their purchase. The...
CoreLogic: Home Price Gains Just Under 5% in May

CoreLogic: Home Price Gains Just Under 5% in May

by Phil Hall | Jul 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices posted a 4.9% year-over-year gain in May, according to new data from CoreLogic. While this was the lowest rate of appreciation since last October, it also represented the 148th consecutive month of annual growth. On a monthly basis, gains were up by 0.6%....
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