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The City with the Biggest Annual Rent Hike Is…

The City with the Biggest Annual Rent Hike Is…

by Phil Hall | Jul 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut’s capital city of Hartford is leading the country for rent hikes, according to new data from Zillow (NASDAQ:Z, ZG). Rents have grown 7.8% over the past year in Hartford, the greatest annual spike in any major city; the current typical rent in Hartford is...
FHA Updates 203(k) Program for Home Repair Financing

FHA Updates 203(k) Program for Home Repair Financing

by Phil Hall | Jul 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has updated its 203(k) Rehabilitation Mortgage Insurance Program that provides financing for renovating or rehabilitating single-family homes. FHA offers two variations of the 203(k) program: the Standard 203(k) for substantial...
The Best and Worst Cities for Renters Are…

The Best and Worst Cities for Renters Are…

by Phil Hall | Jul 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Bismarck, North Dakota, ranked first among more than 180 as the best market for rental housing in WalletHub’s 2024 Best & Worst Places to Rent survey. For this year’s survey, WalletHub number-crunched 21 indicators of rental attractiveness, ranging from the...
Survey: Most Gen Zers Believe They’ll Never Own a Home

Survey: Most Gen Zers Believe They’ll Never Own a Home

by Phil Hall | Jul 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of Gen Zers believe they will never be able to become homeowners, according to a new survey published by Clever Real Estate. In a nationwide poll of 1,000 Gen Zers, 60% of respondents were worried that will never own a home, while 18% believed they can...
Inventory Levels Up 36.7% from Last Year

Inventory Levels Up 36.7% from Last Year

by Phil Hall | Jul 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale in June increased by 36.7% from one year earlier, according to new data from Realtor.com. This represents the eighth consecutive month of year-over-year listings increases. All four regions recorded year-over-year inventory...
New Report Links Housing to Good Health in Maine

New Report Links Housing to Good Health in Maine

by Phil Hall | Jul 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Maine housing market is having an impact on the health of the state’s residents, according to the draft of a new medical report. The Maine Morning Star reports the newly released draft of the Statewide Health Improvement Plan published by the Maine Center for...
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