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A Phil Hall Op-Ed: Lower Those Mortgage Rates…Or Else?

A Phil Hall Op-Ed: Lower Those Mortgage Rates…Or Else?

by Phil Hall | Apr 17, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homebuyers have a message for those responsible in determining mortgage rates: lower those rates or we won’t purchase property. Or at least that was the sentiment in a survey conducted last month by John Burns Research and Consulting, where 71% of potential...
Most Homeowners Waiting for Mortgage Rates to Drop Before Selling

Most Homeowners Waiting for Mortgage Rates to Drop Before Selling

by Phil Hall | Apr 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners planning to sell their properties have good news and bad news for the housing market, according to a new survey from Realtor.com and HarrisX. The good news is the overwhelming majority of those planning to sell their homes in the coming 12 months (86%) are...
Survey Finds Homeowners Delaying Improvement Projects Due to Inflation

Survey Finds Homeowners Delaying Improvement Projects Due to Inflation

by Phil Hall | Apr 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High inflation has caused most Americans to put their home improvement projects on hold, according to a new survey from Discover Home Loans, a division of Discover Financial Services (NYSE: DFS). In a national survey of 1,500 homeowners conducted in late January, 59%...
UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site

UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site

by Phil Hall | Apr 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

UMH Properties Inc. (NYSE: UMH), a public equity REIT that owns and operates 135 manufactured home communities in 11 states, has closed on its $2.3 million acquisition of a 30-acre parcel of land located in Perrysburg, Ohio. The property adjacent to the company’s...
US Rents Post First YOY Decline in Three Years

US Rents Post First YOY Decline in Three Years

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

The median asking rent in the U.S. dipped by 0.4% year-over-year last month to $1,937, according to new data from Redfin (NASDAQ:RDFN). This marked the first annual decline since March 2020 and the lowest median asking rent in 13 months. The median asking rent in...
New Record Set on Median Apartment Rents in Manhattan

New Record Set on Median Apartment Rents in Manhattan

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

Median rents of apartments in Manhattan soared to a new peak in March, according to new data from the real estate firm Douglas Elliman. The median rental price in Manhattan reached $4,175 per month last month, up 2% from February and up 12.8% from March 2022. This...
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