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The Most Affordable Beach Town in America Is…

The Most Affordable Beach Town in America Is…

by Phil Hall | May 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With summer just around the proverbial corner, the data analysts at Realtor.com paid tribute to the sun-and-sand crowd with their 2024 edition of the Most Affordable Beach Towns in America list. Pascagoula, Mississippi, topped the rankings thanks to a housing market...
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 75-year-old widow in Florida who was forced to cancel the sale contract for her home after she broke her leg and was unable to move faced a demand from her real estate broker for the $23,000 sales commission on the terminated deal. According to a report by WFTS ABC...
A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

by Phil Hall | May 20, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Earlier this month, Bank of England Chief Economist Huw Pill stated the reason that rents were so high in his country was not because of elevated interest rates, but because of “quite large increases in immigration” – net migration broke a record in...
40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
New Record High for Pennsylvania’s Median Home Sales Price

New Record High for Pennsylvania’s Median Home Sales Price

by Phil Hall | May 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania’s median home sales price broke a new record in April at $280,000, up nearly 25% from March and up 7.6% from one year earlier, according to data from the Pennsylvania Association of Realtors (PAR). As prices soared so did sales. Last month, Pennsylvania’s...
MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

by Phil Hall | May 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit criticized the Biden administration for working against the best interests of housing market professionals, observing that “it sometimes feels like it is attacking you directly and injuring the...
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