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Mortgage Rates Down for Third Straight Week

Mortgage Rates Down for Third Straight Week

by Phil Hall | Apr 23, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.23% as of April 23, down from last week when it averaged 6.30%. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the mortgage averaged 6.81% at this time one year ago. The 15-year...
Florida’s Burgess Island Listed for Sale at $89 Million

Florida’s Burgess Island Listed for Sale at $89 Million

by Phil Hall | Apr 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s Burgess Island, a 104-acre private island estate based in Pine Island Sound between Sarasota and Naples, has been listed for sale at $89 million. The property features a luxury residence built in 1928 that features 11 bedrooms, 10 full bathrooms and three...
Illinois Home Sales Up 3.1%

Illinois Home Sales Up 3.1%

by Phil Hall | Apr 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,075 homes were sold in Illinois during March, which represents a 3.1% uptick from the 9,774 sold one year earlier. According to data from Illinois Realtors, the 17,099 homes available for sale statewide last month were 7.7% less than the 18,526 homes...
Home Sales Profits Down During Q1

Home Sales Profits Down During Q1

by Phil Hall | Apr 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners made a 44.1% profit on typical single-family home and condo sales during the first quarter of this year, according to data from ATTOM. That was down from 47.2% in the previous quarter and from 50.2% the first quarter of 2025. The profit margin percentage is...
HUD and FHFA Update Credit Scoring Models

HUD and FHFA Update Credit Scoring Models

by Phil Hall | Apr 22, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have announced the first major update to their respective credit scoring models in decades. HUD is now enabling the Federal Housing Administration (FHA) to use of...
New Study Finds Hawaii Residents Spend the Highest Percentage of Income on Housing

New Study Finds Hawaii Residents Spend the Highest Percentage of Income on Housing

by Phil Hall | Apr 22, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at WalletHub are back with a new data report: “States Where People Spend the Most & Least on Housing.” Studying the costs of rent, mortgage and home energy across the 50 states and then comparing the data with each state’s median household...
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