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New York State’s Housing Market Remains Weak

New York State’s Housing Market Remains Weak

by Phil Hall | Jul 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State’s housing market continued to struggle in June, according to new data from the New York State Association of Realtors. Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Pending sales took a 6.2% drop from 12,967 in...
Texas Q2 Median Home Price Down 3.1%

Texas Q2 Median Home Price Down 3.1%

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median price of homes sold in Texas in the second quarter was $345,000, a 3.1% decline from the $357,388 price recorded one year ago, according to new data from Texas Realtors. Half of the Texas residential properties sold in the second quarter this year were in...
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies

Timothy Saunders Named Chief Legal Officer at Angel Oak Companies

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-headquartered Angel Oak Companies has hired Timothy Saunders to serve as chief legal officer and general counsel for Angel Oak and its affiliates, Angel Oak Capital Advisors and Angel Oak Mortgage Solutions. In his new role, Saunders will be responsible for...
Redfin: 1% of US Homes Changed Hands Year-to-Date

Redfin: 1% of US Homes Changed Hands Year-to-Date

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 1% of all U.S. homes, or approximately 14 of every 1,000 residences, changed hands during the first half of 2023, according to data from Redfin (NASDAQ:RDFN). That’s down from 19 of every 1,000 during the same period of pre-pandemic 2019 and the lowest turnover...
Refinancing Fuels Uptick in Mortgage Application Activity

Refinancing Fuels Uptick in Mortgage Application Activity

by Phil Hall | Jul 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
Housing Starts Down During June

Housing Starts Down During June

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in June were at a rate of 935,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7% below the revised May figure of slightly more than 1 million. Privately‐owned housing...
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