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Home Prices Hit New Peaks in 30 of the 50 Largest Markets

Home Prices Hit New Peaks in 30 of the 50 Largest Markets

by Phil Hall | Aug 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Black Knight Home Price Index hit an all-time high in June on both seasonally adjusted and unadjusted levels, with nearly every major market experiencing month-over-month growth and 60% of these markets recording annual growth. According to new data from Black...
Survey: Most Americans Prefer Communities With Larger Homes and Distant Amenities

Survey: Most Americans Prefer Communities With Larger Homes and Distant Amenities

by Phil Hall | Aug 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Most Americans prefer having neighborhoods with larger houses and distant amenities rather than having smaller houses and more amenities in walking distance, according to a new survey from Pew Research Center. In a poll of 5,079 adults conducted last spring, 57% of...
Q2 Market Share of FHA Loans at 14%

Q2 Market Share of FHA Loans at 14%

by Phil Hall | Aug 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of new home sales backed by Federal Housing Administration (FHA) loans increased to 14% in the second quarter from 12.1% in the first quarter, according to a new data analysis from the National Association of Home Builders (NAHB). The second quarter’s...
Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year

Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year

by Phil Hall | Aug 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, according to new data from Redfin (NASDAQ:RDFN). This represents a 19% year-over-year spike, but it is also $32 less than the record-high payment level from early...
Active Listings Fall Below Pre-Pandemic Levels

Active Listings Fall Below Pre-Pandemic Levels

by Phil Hall | Aug 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Active listings of U.S. residential properties slowed in July for the fourth consecutive month in and fell below pre-pandemic levels for the first time since April 2022, according to new data from Realtor.com. Last month, the active housing inventory was 47.8% below...
Zillow Acquires Real Estate Photography Software Platform Aryeo

Zillow Acquires Real Estate Photography Software Platform Aryeo

by Phil Hall | Aug 3, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) has acquired Aryeo, a Boston-headquartered real estate media software and content management platform for photographers and media companies. Aryeo was founded in 2019 by former real estate photographers Branick Weix, Matthew Michalski and...
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