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Speaker Johnson: Housing Bill ‘Will Become Law’

Speaker Johnson: Housing Bill ‘Will Become Law’

by Phil Hall | Jun 29, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

House Speaker Mike Johsnon (R-LA) will send President Trump the 21st Century ROAD to Housing bill today, days after the president abruptly canceled a Capitol Hill signing ceremony last week. Speaking yesterday on Fox News, Johnson offered assurance that the...
Hits and Misses for the Real Estate Week of June 22-26

Hits and Misses for the Real Estate Week of June 22-26

by Phil Hall | Jun 26, 2026 | Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Trump about-face on the bipartisan housing bill, a lack of natural gas services in a Brooklyn housing project, and an unlikely real estate advisor for Perez Hilton. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points

Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points

by Phil Hall | Jun 26, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national mortgage delinquency rate rose 15 basis points to 3.50% in May, according to data from Intercontinental Exchange Inc. (NYSE: ICE). However, that uptick was attributed to a calendar anomaly. Andy Walden, head of mortgage and housing market research at ICE,...
NYC Board Approves Mamdani’s Rent Freeze

NYC Board Approves Mamdani’s Rent Freeze

by Phil Hall | Jun 26, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Illinois Home Sales and Inventory Decline While Median Price Rises

Illinois Home Sales and Inventory Decline While Median Price Rises

by Phil Hall | Jun 25, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 12,555 home sales in May, a 1.5% decline from the 12,750 sold one year earlier. According to data from Illinois Realtors, the 19,719 homes available for sale statewide last month were 7.7% less than the 21,356 homes available in May 2025. However,...
Mortgage Rates Tick Up Slightly

Mortgage Rates Tick Up Slightly

by Phil Hall | Jun 25, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates recorded a scant upward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. A year ago at this time, it...
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