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Luxury Home Sales Up 5% in September

Luxury Home Sales Up 5% in September

by Phil Hall | Oct 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical luxury home sold for $1.26 million in September, up 4.8% from one year earlier to set a new record high for the month. According to data from Redfin, the sales of luxury homes is occurring at more than twice the pace of price growth for non-luxury homes,...
Illinois Home Sales Up 4.6% Year-Over-Year

Illinois Home Sales Up 4.6% Year-Over-Year

by Phil Hall | Oct 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 11,375 homes, both single-family houses and condominiums, were sold in Illinois last month, a 4.6% rise from the 10,873 sold one year earlier. According to data from Illinois Realtors, 22,845 homes were available for sale statewide last month, down 2.9%...
Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties

Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties

by Phil Hall | Oct 30, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Realtor.com is planning to offer its users FlyAround, a new feature that leverages 3D Maps from Google Maps Platform that provides a 360-degree view of property listings. According to the company, FlyAround enables users to see lot dimensions, topography, and how a...
Mortgage Rates Drop for Fourth Straight Week

Mortgage Rates Drop for Fourth Straight Week

by Phil Hall | Oct 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30, down from last week when it averaged 6.19%. A year ago at this time, it FRM...
National Vacancy and Zombie Foreclosure Rates Decline

National Vacancy and Zombie Foreclosure Rates Decline

by Phil Hall | Oct 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.32% residential properties, roughly 1.4 million homes, were vacant, according to the fourth quarter 2025 Vacant Property and Zombie Foreclosure Report from ATTOM. This is down slightly from 1.33% in the previous quarter. The states with the highest...
Median Monthly Housing Payment in Biggest Decline Since Last November

Median Monthly Housing Payment in Biggest Decline Since Last November

by Phil Hall | Oct 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median monthly housing payment was $2,530 during the four weeks ending Oct. 26, according to data from Redfin. That represents a 1.4% year-over-year drop and the biggest decline since November 2024. Redfin attributed the lower payment level to declining mortgage...
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