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California Poised to Open Mortgage Assistance Program to Illegal Immigrants

California Poised to Open Mortgage Assistance Program to Illegal Immigrants

by Phil Hall | Aug 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California is poised to make history for offering state-financed mortgage assistance to illegal immigrants. According to combined media reports, the proposed legislation AB 1840 would require the California Dream for All Shared Appreciation Loans program to overlook...
Hits and Misses for the Real Estate Week of Aug. 19-23

Hits and Misses for the Real Estate Week of Aug. 19-23

by Phil Hall | Aug 23, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new NAR leader, a jaw-dropping data revision and more Britons buying homes. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Aug. 19-23. Miss: Wright or Wrong, Part 1. Nine months after the National Association of Realtors...
Maine Home Sales Rise by Nearly 11%

Maine Home Sales Rise by Nearly 11%

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

A total of 1,482 home sales were recorded in Maine during July, up by 10.93% from one year earlier, according to data from the Maine Association of Realtors. The $399,250 median sales price in July was a 5.07% uptick from the $380,000 in July 2023. Paul McKee, the...
New Home Sales Up, But Questions on Federal Data Arise

New Home Sales Up, But Questions on Federal Data Arise

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

Sales of new single-family houses in July were at a seasonally adjusted annual rate of 739,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 10.6% spike from the revised June rate of...
Florida’s Single-Family Home Sales Up While Condo-Townhome Sales Drop

Florida’s Single-Family Home Sales Up While Condo-Townhome Sales Drop

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

Closed sales of existing single-family homes in Florida statewide totaled 23,353 last month, up 5.2% year-over-year, while existing condo-townhouse sales totaled 8,364, down 1.2% over July 2023, according to data from Florida Realtors. The statewide median sales price...
New York State Home Sales Rise Despite Smaller Inventory

New York State Home Sales Rise Despite Smaller Inventory

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

Home sales across New York were up in July despite a decline in available inventory, according to new data from the New York State Association of Realtors. Last month saw a total of 9,923 closed home sales across the state, up 3.5% from 9,584 units. Pending sales took...
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