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Report: Homebuyer Affordability Declined in March

Report: Homebuyer Affordability Declined in March

by Phil Hall | Apr 30, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment made by purchase loan applicants in March increase to $2,131 from $2,061 in February. According to a data report from the Mortgage Bankers Association (MBA), the median payment was down by $43 from one year ago, equal to a 2.0% decrease....
New Listings Increased in April as Median Home Prices Declined

New Listings Increased in April as Median Home Prices Declined

by Phil Hall | Apr 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The nationwide level of new listings during April increased by 8.7% from the previous month and was up by 1.1% from one year earlier, according to new data from Realtor.com. The expanded quantity of new listings was greatest in the Northeast (up 9.4% from April 2025)...
Mill Creek Residential Breaks Ground on Mixed-Use New Jersey Community

Mill Creek Residential Breaks Ground on Mixed-Use New Jersey Community

by Phil Hall | Apr 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The rental housing developer and owner-operator Mill Creek Residential has broken ground on Modera Garden State Plaza, a mixed-use community located within the Westfield Garden State Plaza shopping center in Paramus, New Jersey. According to the company, Modera Garden...
RentCafe Debuts ChatGPT App

RentCafe Debuts ChatGPT App

by Phil Hall | Apr 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The rental housing platform RentCafe has become the latest real estate company to have an app on ChatGPT. According to the Santa Barbara, California-based company, the new app will enable renters to search, compare, and explore up-to-date apartment listings using...
National Average Apartment Rent for April at $1,730

National Average Apartment Rent for April at $1,730

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

The national average apartment rent in April was $1,730, a 0.2% increase from March’s upwardly revised level of $1,727. According to data from Apartsment.com, a subsidiary of CoStar Group Inc. (NASDAQ: CSGP), April was the fifth consecutive month of positive rent...
Mortgage Application Activity Dips by 1.6%

Mortgage Application Activity Dips by 1.6%

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

Mortgage application activity declined during the week ending April 24, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.6% on a seasonally adjusted basis from one...
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