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Fannie Mae: Home Price Growth to Moderate as Listings Expand

Fannie Mae: Home Price Growth to Moderate as Listings Expand

by Phil Hall | Jul 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although home price growth was stronger than expected during the second quarter, prices are likely to moderate and close out 2024 and 2025 at annual rates of 6.1% and 3.0%, respectively, according to the July 2024 commentary from the Fannie Mae (OTCQB:FNMA) Economic...
Alabama Home Sales Up for Fifth Straight Month

Alabama Home Sales Up for Fifth Straight Month

by Phil Hall | Jul 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Alabama during June totaled 5,423 transactions, up 4.1% from May for the fifth consecutive month of increases, according to data from the Alabama Association of Realtors (AAR). However, sales were also down by 17.5% from one year earlier. Alabama’s...
Biden Ends Re-election Bid, Leaving His Real Estate Proposals in Limbo

Biden Ends Re-election Bid, Leaving His Real Estate Proposals in Limbo

by Phil Hall | Jul 21, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Joe Biden announced that he is discontinuing his re-election campaign and offered his endorsement of Vice President Kamala Harris to become the Democratic Party’s nominee for president. The 81-year-old Biden added that he would remain as president for the...
Hits and Misses for the Real Estate Week of July 15-19

Hits and Misses for the Real Estate Week of July 15-19

by Phil Hall | Jul 19, 2024 | Hits and Misses, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A presidential plea for rent control, California realtors under a Justice Department magnifying glass and an unlikely viral video hit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 15-19. Miss: Biden’s Rent Control...

Active Listings in Texas Up 41% From Last Year

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in the Lone Star State have a wider selection of properties to choose from, according to the latest quarterly data report from Texas Realtors. During the second quarter, active listings of Texas homes for sale reached 125,398, up by nearly 41% compared to...
Pennsylvania Home Prices Continue to Rise

Pennsylvania Home Prices Continue to Rise

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania’s median home sales price recorded a year-over-year uptick for the fifth consecutive month, according to data from the Pennsylvania Association of Realtors (PAR). Last month, the median home sales price increased to $312,000, up from $295,000 in...
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