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Study: Home Down Payment Averages Nearly $85,000

Study: Home Down Payment Averages Nearly $85,000

by Phil Hall | Oct 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree (NASDAQ:TREE). This sum is slightly lower than the average of $84,983 recorded one year earlier. LendingTree noted that none of the 50 largest...
261-Unit Apartment Community Planned for Fort Worth Area

261-Unit Apartment Community Planned for Fort Worth Area

by Phil Hall | Oct 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alpine Start Development (ASD), a Dallas-based family-owned real estate development and investment firm, has unveiled “Range West,” a 261-unit garden-style apartment community located on 11 acres in Saginaw, Texas, a short drive North from downtown Fort...
First 3D-Printed Home to be Built in Newport News

First 3D-Printed Home to be Built in Newport News

by Phil Hall | Oct 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The BayPort Foundation, the philanthropic arm of BayPort Credit Union, has partnered with Habitat for Humanity Peninsula and Greater Williamsburg and Newport News Shipbuilding to co-sponsor a 3D-printed home in the southeast neighborhood of Newport News, Virginia. The...
Bronx Mixed-Use Project to Offer Housing and Hip Hop Museum

Bronx Mixed-Use Project to Offer Housing and Hip Hop Museum

by Phil Hall | Oct 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A ribbon cutting ceremony was held last Thursday to celebrate the opening of the housing and public space components at phase one of Bronx Point, a $349 million mixed-use development on the Harlem River waterfront in New York City’s South Bronx. The event marked the...
16.3% of Home Purchase Agreements Were Canceled in September

16.3% of Home Purchase Agreements Were Canceled in September

by Phil Hall | Oct 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 53,000 home purchase agreements were canceled in September, equal to 16.3% of homes that went under contract that month, according to new data from Redfin (NASDAQ:RDFN). This represents the highest percentage of cancelations since October 2022, when mortgage...
Median Rent Prices Decline for Fifth Straight Month

Median Rent Prices Decline for Fifth Straight Month

by Phil Hall | Oct 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median asking rents in the 50 largest metros dropped 0.7% year-over-year last month to $1,747, according to new data from Realtor.com. September marked the fifth consecutive month of rent price declines. The median rent on a studio unit was $1,447 in September, while...
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