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The Best Market for Rental Housing Is…

The Best Market for Rental Housing Is…

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

Renters in search of cost-effective housing should consider taking up residence in Idaho’s capital, according to new data published by the Waller, Weeks and Johnson Rental Index within Florida Atlantic University’s Real Estate Initiative. The new data study analyzed...
Redfin Debuts AI-Powered Tool Offering Listing Information

Redfin Debuts AI-Powered Tool Offering Listing Information

by Phil Hall | Mar 8, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Seattle-headquartered Redfin (NASDAQ:RDFN) announced the beta launch of Ask Redfin, a generative AI-powered virtual assistant designed to answer homebuyers’ questions about homes for sale. According to the company, Ask Redfin will provide in-depth information...
Former Boston-Area College Campus to Become Multifamily Community

Former Boston-Area College Campus to Become Multifamily Community

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

Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, has begun construction on its latest Alexan community at the former UMass Lowell West Campus in Chelmsford, Massachusetts. Alexan Chelmsford will be a 32-acre community with a...
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

by Phil Hall | Mar 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the first time since he took office, President Biden openly confronted the challenges facing the U.S. housing industry and offered several proposals aimed at homeownership and rental housing. A Last-Minute Acknowledgment Housing market issues were conspicuously...
Mortgage Rates Dip, But Still Close to 7%

Mortgage Rates Dip, But Still Close to 7%

by Phil Hall | Mar 7, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were slightly down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. A year ago at this time, it averaged 6.73%....
The Best Month For Selling a House Is…

The Best Month For Selling a House Is…

by Phil Hall | Mar 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners looking for the biggest payout on their residential sales may wish to wait until the first half of June before listing their property. According to a new data analysis of 2023 home sales by Zillow (NASDAQ:Z, ZG), properties listed in the first two weeks of...
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