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WalletHub’s Best State To Live In Is…

WalletHub’s Best State To Live In Is…

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at the personal finance website WalletHub have come up with another survey, this time ranking which states have the best and worst livability aspects. For WalletHub’s 2023’s Best States to Live In, the company compared the 50 states across 51 key...
California’s Housing Affordability Level at 16-Year Low

California’s Housing Affordability Level at 16-Year Low

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing affordability in California sank to its the lowest level in nearly 16 years, according to new data from the California Association of Realtors (CAR). Less than one in five (16%) home buyers could afford to purchase a median-priced, existing single-family home...
Hits and Misses for the Real Estate Week of Aug. 7-11

Hits and Misses for the Real Estate Week of Aug. 7-11

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing designed to stress your budget, a municipal fine against Elon Musk that is not stressing his wallet and a Chinese property developer who is stressing investors. From the wild and woolly world of real estate, here are the hits and misses for this week....
Redfin: 1 in 10 Homes are Worth $1 Million or More

Redfin: 1 in 10 Homes are Worth $1 Million or More

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in 10 U.S. homes are worth $1 million or more, according to new data from Redfin (NASDAQ:RDFN). “The supply shortage is making many listings feel hot,” said Redfin Economics Research Lead Chen Zhao. “In most of the country, expensive properties that are in...
Mid-Atlantic Region’s Median Home Price at $400,000

Mid-Atlantic Region’s Median Home Price at $400,000

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The July median home price in the Mid-Atlantic region – defined as Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania, Virginia and West Virginia – was $400,000, up 3.9% year-over-year and the strongest price growth since January. According to data...
Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Truist Financial Corp. (NYSE: TFC) and Truist Foundation announced a $15 million program to support affordable housing in North Carolina. According to Charlotte-headquartered company, there will be a $15 million equity investment from Truist Community Capital in the...
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