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5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

by Phil Hall | Sep 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A five-unit multifamily property in Norwalk, Connecticut, that was constructed in 1900 has been sold for $1.7 million, or $342,000 per unit. The three-story property at 2 Park Street encompasses four oversized one-bedroom units and one oversized loft studio totaling...
Michigan Credit Union Offers Mortgages at 4.99% Rate

Michigan Credit Union Offers Mortgages at 4.99% Rate

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

A Michigan credit union is seeking to attract new home loan borrowers by offering 30-year fixed-rate mortgages at a 4.99% rate. The Detroit Free Press reports Michigan Legacy Credit Union — which has branches in Wyandotte, Warren, Pontiac, Highland Township and Flat...
A Phil Hall Op-Ed: Charlie Kirk and the Housing Market

A Phil Hall Op-Ed: Charlie Kirk and the Housing Market

by Phil Hall | Sep 11, 2025 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: During the final weeks of his too-short life, Charlie Kirk raised several red flags about the state of the housing market. His messaging deserves to be heard again. In July, Kirk used an appearance on Fox News to raise a taboo subject that neither...
Year-Over-Year Foreclosure Activity Up for Sixth Straight Month

Year-Over-Year Foreclosure Activity Up for Sixth Straight Month

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

A total of 35,697 residential properties had foreclosure filings in August, down 1% from July but up 18% year-over-year. “August marked the sixth consecutive month of year-over-year increases in US foreclosure activity and the third straight month with double-digit...
Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable

Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable

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

Most homeowners are concerned they will be unable to afford insurance on their residences, according to a new survey released by Realtor.com. The survey found 88% of respondents fearing they will pay for more homeowners insurance in the future while 42% confirmed they...
Mortgage Credit Availability Inched Up During August

Mortgage Credit Availability Inched Up During August

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

The rate of mortgage credit availability recorded a mild uptick in August according to new data from the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). Last month, the MCAI rose by 0.1% to 104.0 in August; the index was benchmarked to...
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