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Hits and Misses for the Real Estate Week of May 18-22

Hits and Misses for the Real Estate Week of May 18-22

by Phil Hall | May 22, 2026 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates on the rise, predicting home sales in San Francisco, and the other Barbara Corcoran in the spotlight. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 18-22. Miss: Heading Right in the Wrong Direction....
Virginia Home Sales Surged in April

Virginia Home Sales Surged in April

by Phil Hall | May 22, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 9,758 homes were sold in Virginia during April, an uptick of 424 transactions (a 4.5% increase) from one year earlier. According to data from the Virginia Association of Realtors (VAR), year-to-date closed sales are up 5.8% while sold dollar volume is at...
Senate Adjourns for Recess, Leaving Fate of Housing Bill on Hold

Senate Adjourns for Recess, Leaving Fate of Housing Bill on Hold

by Phil Hall | May 22, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The fate of the 21st Century ROAD to Housing Act has been put on hold as the US Senate adjourned yesterday for a 10-day recess. The bill was initially passed by the Senate and then sent to the House of Representatives, which earlier this week approved the legislation...
Property Tax Measure Added to North Carolina’s November Ballot

Property Tax Measure Added to North Carolina’s November Ballot

by Phil Hall | May 21, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The North Carolina Senate has approved a resolution that will enable voters to decide if they should change the state constitution to limit the ability by local governments to raise property taxes. MyFox8 reports the property tax measure on the November ballot will...
Pennsylvania’s Median Home Sales Price Posts Third Straight Year-Over-Year Spike

Pennsylvania’s Median Home Sales Price Posts Third Straight Year-Over-Year Spike

by Phil Hall | May 21, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania’s $315,000 median home sales price in April marked its third consecutive year-over-year surge. According to data from the Pennsylvania Association of Realtors (PAR), this marked a 7.4% increase from April 2025 and a 5% upswing from March. Median home sale...
Mortgage Rates Rise to 9-Month High

Mortgage Rates Rise to 9-Month High

by Phil Hall | May 21, 2026 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates rose to their highest level since August, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.51% as of May 21, up from last week when it averaged 6.36%. A year ago at this...
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