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Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright house outside of Chicago has been listed for the first time since 1976 for $779,000. According to Robb Report coverage, the Prairie-Style cottage known as the Warren Hickox House in Kankakee, Illinois, is on a roughly half-acre property. The...
Mortgage Rates Drop Slightly

Mortgage Rates Drop Slightly

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) showed rates in a slight decline from one week earlier. The 30-year fixed-rate mortgage averaged 6.79% as of March 28, down from last week when it averaged 6.87%. A year ago at this time,...
DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida Gov. Ron DeSantis has signed a bill to enable the immediate eviction of squatters by law enforcement. According to an NBC Miami report, HB 621 creates strict criminal penalties for squatters offering false documents purporting to affirm tenant rights....
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
Pending Home Sales Up in February

Pending Home Sales Up in February

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during February were up by 1.6% from January, according to the National Association of Realtors (NAR). On a year-over-year basis, pending sales were down by 7%. NAR’s Pending Home Sales Index (PHSI) increased to 75.6 in February; an index of 100 is...
ATTOM: Home Affordability Remained Elusive During Q1

ATTOM: Home Affordability Remained Elusive During Q1

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the first quarter of this year compared to historical averages in more than 95% of counties around the U.S., according to a new data report from ATTOM. The report found the major expenses on...
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