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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%....
Survey: Most Americans Are Unwilling or Uncertain About Moving

Survey: Most Americans Are Unwilling or Uncertain About Moving

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

The majority of Americans are either unwilling or uncertain about moving out of their homes, according to new data published by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB). The data, which was collected through the...
Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

by Phil Hall | Jul 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to the “Field of Dreams” catchphrase, new apartment complexes are being built but not that many people are coming to rent units. According to new data from Redfin (NASDAQ:RDFN), less than half (47%) of newly constructed apartments that were completed in the...
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