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Home Sales and Prices Rise in Las Vegas

Home Sales and Prices Rise in Las Vegas

by Phil Hall | Aug 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Las Vegas market reported a total of 2,764 existing local homes, condos and townhomes were sold in July, according to data from Las Vegas Realtors (LVR). Compared to one year earlier, home sales were up 5.1% while condo and townhome sales were up 1.5%. By the end...
Mortgage Application Activity Up by 7%

Mortgage Application Activity Up by 7%

by Phil Hall | Aug 7, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise for the week ending Aug. 2, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.9% on a seasonally adjusted...
NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion

NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion

by Phil Hall | Aug 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total household debt increased by $109 billion in during the second quarter to $17.80 trillion, a 0.6% uptick, according to new data from the Federal Reserve Bank of New York. Regarding housing debt, the new data report found mortgage balances up by $77 billion from...
Report: Denver Needs More than 500,000 Housing Units by 2050

Report: Denver Needs More than 500,000 Housing Units by 2050

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report has concluded that Denver needs more housing – specifically, 52,000 housing units for the short-term and more than 500,000 by 2050. According to a Denver7.com report, the report from the Denver Regional Council of Governments (DRCOG), the demographic is...
Home Price Growth Continues to Cool

Home Price Growth Continues to Cool

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home price growth cooled for the second consecutive month in June as year-over-year gains inched down to 4.7%, according to new data from CoreLogic. This is down slightly from the 4.9% year-over-year gains in May. However, June also marked the 149th consecutive month...
Have Homebuyers Discovered Columbus?

Have Homebuyers Discovered Columbus?

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Columbus, Ohio, was ranked as the top location for homebuyers in Realtor.com’s newly published ranking of the “Most Popular Markets People Are Moving To.” “Using Realtor.com online traffic data, we identified markets that received the most...
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