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Yardi: Average Asking Rents Up $1 in February

Yardi: Average Asking Rents Up $1 in February

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

National asking rents in February posted their first increase in over seven months, according to the latest Yardi Matrix National Multifamily Report. The report found the average U.S. asking rent rose by $1 to $1,713 last month, a slight 0.6% year-over-year uptick....
Mortgage Application Activity Up 7.1%

Mortgage Application Activity Up 7.1%

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

Mortgage application activity was up again in the latest data published by the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.1% on a seasonally adjusted basis for the week ended March...
Rihanna Lists L.A. Penthouse for Nearly $25 Million

Rihanna Lists L.A. Penthouse for Nearly $25 Million

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

Recording superstar Rihanna has listed her Los Angeles penthouse, which was once owned by the late actor Matthew Perry, for $24.95 million. According to The Robb Report, the property takes up the entire 40th floor of the 42-story Century building in Century City. The...
Realtor.com Introduces Three New Climate Risk Factor Scores

Realtor.com Introduces Three New Climate Risk Factor Scores

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

Realtor.com has added three new climate risk factor scores to its website that address heat, wind and air quality concerns within the home buying and selling process. The new scores, which use data provided by the climate technology company First Street, include Heat...
Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?

Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?

by Dr. E.J. Antoni | Mar 12, 2024 | Guest Opinion, Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Dr. E.J. Antoni is a public finance economist at The Heritage Foundation. This article is edited and adapted from prepared remarks delivered today before the U.S. Senate Committee on Banking, Housing and Urban Affairs.  Over the last three years, prices have risen...

Texas Home Sales Dropped 11% in 2023

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

Texas home sales were down by 11% during 2023, with 327,921 in total sales. According to Texas Realtors, this is the lowest sales level since 2016. The statewide median price for $335,100 was 2023, a 1.4% drop from the previous year, although more Texas metros saw...
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