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New Study Names Massachusetts as the Best State to Live In

New Study Names Massachusetts as the Best State to Live In

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

The number crunchers at WalletHub are back with yet another list, this time with the 2024 edition of The Best States to Live In. For this study, WalletHub compared the 50 states across five key dimensions: housing affordability, the state economy, education and...
$35 Million Listing Breaks Illinois Record

$35 Million Listing Breaks Illinois Record

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

A 20,000-square-foot limestone mansion on Lake Michigan has broken the record for the most expensive home listing in Illinois. The Wall Street Journal reported the seven-bedroom residence in the Chicago suburb of Winnetka is on the market for $35 million. The 2.3-acre...
Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

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

Rising interest rates were blamed for declining developer confidence in the market for new multifamily housing, according to second quarter data from the National Association of Home Builders (NAHB). The trade group’s newly published Multifamily Market Survey...
Mortgage Credit Availability at 9-Month High

Mortgage Credit Availability at 9-Month High

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

Mortgage credit availability was on the rise last month, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 3.3% to 98.1 in July; the index was benchmarked to 100 in March 2012. The...
Toll Brothers Opens Luxury Apartment Community in Dallas Suburb

Toll Brothers Opens Luxury Apartment Community in Dallas Suburb

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

Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers Inc. (NYSE: TOL), has partnered with Equity Residential for the opening of Remy, a luxury apartment community in the Dallas suburb of Frisco, Texas. The new community features 357 studio, one-, and...
Mortgage Rates Plunge to Lowest Level in Over a Year

Mortgage Rates Plunge to Lowest Level in Over a Year

by Phil Hall | Aug 8, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates dropped to their lowest rate in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8, down from last week when it averaged 6.73%. A year ago at...
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