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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...
Florida Gov. DeSantis Signs Bill for Implementing Property Tax Relief Amendment

Florida Gov. DeSantis Signs Bill for Implementing Property Tax Relief Amendment

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

Florida Gov. Ron DeSantis signed a new bill into law that will pave the way for the property tax relief being promised in a November ballot referendum. The new law, SB 4-F, was approved in a recent special session of the state legislature that also approved a ballot...
4-Property Multifamily Portfolio in Connecticut Sells for $17.3 Million

4-Property Multifamily Portfolio in Connecticut Sells for $17.3 Million

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

National Multifamily Corp. announced the sale of a four-property, 164-unit multifamily portfolio in Bridgeport, Connecticut, for $17.3 million, or $105,488 per unit. The properties located encompass 43 studio apartments, 101 one-bedrooms, and 20 two-bedrooms totaling...
Greystar Unveils The Parson, a New Luxury Apartment Community in Denver

Greystar Unveils The Parson, a New Luxury Apartment Community in Denver

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

Greystar is now hosting in-person tours for The Parson, its new luxury apartment community in the Golden Triangle neighborhood of Denver. The Parson comprises 309 luxury residences, including 21 studios, 161 one-bedrooms, 95 two-bedrooms, nine three-bedrooms, and 23...
Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

by Phil Hall | Jun 24, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Minnesota real estate broker was found guilty in a jury trial of exploiting Muslim homebuyers in a predatory deed scheme. Chadwick Banken and several companies that he owned were accused offering contract for deed transactions that were promoted as sharia compliant...
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