Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
Home sales activity was on the rise across the Mid-Atlantic region in November, according to new data from Bright MLS. Across the Bright MLS service area, there was a 5.7% year-over-year increase in the number of homes for sale. This marked the third consecutive month...
Asking Rents Fall to Lowest Level Since March 2022
The median nationwide asking rent fell 0.7% year-over-year to $1,595 last month, according to data from Redfin (NASDAQ: RDFN). On a month-over-month measurement, rents were down by 1.1%. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in...
Study: Most Americans Want to Age in Their Current Homes
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP’s 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from...
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Elon Musk’s close relationship with President-elect Donald Trump may become neighborly, as the Tesla and SpaceX chieftain and co-director of the Department of Government Efficiency is reportedly seeking a luxury property near Trump’s Mar-a-Lago estate in Palm Beach,...
Refinance Surge Drives Up Mortgage Applications
Mortgage applications took a healthy upturn thanks to a surge in refinancing, according to data from the Mortgage Bankers Association (MBA) covering the week ending Dec. 6. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
