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Court Orders California City to Approve Affordable Housing

Court Orders California City to Approve Affordable Housing

by Phil Hall | Dec 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Supreme Court ruled that the City of Huntington Beach must approve plans for residences that low-income people could afford. The San Francisco Chronicle reports the city argued the decision to build a specific amount and type of housing belongs to local...
Mortgage Rates Tick Up Slightly

Mortgage Rates Tick Up Slightly

by Phil Hall | Dec 11, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates ticked up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19%. A year ago at this time, it averaged 6.60%....
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties

Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties

by Phil Hall | Dec 11, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fort Point Real Estate Partners, a San Francisco–based real estate investment firm, announced its official launch with the assembly of a 40-building portfolio of residential and mixed-use properties across San Francisco. The portfolio was aggregated over the last 12...
Boston City Council Votes to Raise Residential Property Taxes by 13%

Boston City Council Votes to Raise Residential Property Taxes by 13%

by Phil Hall | Dec 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Boston City Council voted unanimously raise residential property taxes by 13% for 2026. Property taxes cover more than 70% of the city’s $4.8 billion budget. WBUR reports the City Council’s vote this marks the second straight year double-digit tax increases for...
Home Flipping Activity and Profits Down During Q3

Home Flipping Activity and Profits Down During Q3

by Phil Hall | Dec 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 72,217 single-family homes and condominiums were flipped in the third quarter, accounting for 6.8% of home sales between July and September. According to data from ATTOM, the number of flips nationwide was down quarter-over-quarter (from 79,335 in the...
Mid-Atlantic Region Home Sales Down in November

Mid-Atlantic Region Home Sales Down in November

by Phil Hall | Dec 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales across the Mid-Atlantic region services by Bright MLS were down 4.6% year-over-year in November while new pending sales were 1.6% lower over the same period. The number of new listings coming onto the market last month was 4.4% lower compared to November...
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