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Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the National Association of Realtors (NAR) determined that 199 out of 223 metro markets, or 89%, recorded home price gains in the second quarter as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%. NAR added that 13% of the 223 tracked metro...
California Bill Would Mandate Time Limit on Homebuyer Agent Contracts

California Bill Would Mandate Time Limit on Homebuyer Agent Contracts

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bill in the California legislature could create a three-month time limit on the homebuyer agent contracts required under the National Association of Realtors (NAR) settlement. The San Jose Mercury-News reported Assembly Bill 2992 would require the contracts...
A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?

A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?

by Phil Hall | Aug 12, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: It is extremely rare for a government agency to publish anything that is even vaguely negative in connection with green energy, which makes last Thursday’s announcement by the Consumer Financial Protection Bureau (CFPB) regarding solar financing...
New Listing Activity Percolates Across Mid-Atlantic Region

New Listing Activity Percolates Across Mid-Atlantic Region

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listing activity in the Mid-Atlantic region is up 5.5% year-to-date, with active listings at the end of July up 24.7% year-over-year, according to new data from Bright MLS. The median sold price in the Bright MLS service area in July was $420,000, up 5%...
Study: Most Homebuyers Find Properties That Fit Their Size Needs

Study: Most Homebuyers Find Properties That Fit Their Size Needs

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of new single-family homes constructed in the range of 1,600 to 3,000 square feet is tracking closely with the share of buyers seeking homes of that size, according to a data study from the National Association of Home Builders (NAHB) and the U.S....
Study: One-Third of Property Managers Offer Concessions on Rental Housing

Study: One-Third of Property Managers Offer Concessions on Rental Housing

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study from Zillow Group (NASDAQ: Z, ZG) found 33.2% of rental listings on the Zillow platform offer concessions such as free weeks of rent or free parking as an incentive to attractive prospective tenants. This is up slightly from 33% in June and 25.4% one year...
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