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Mortgage Rates Rise for Fifth Straight Week

Mortgage Rates Rise for Fifth Straight Week

by Phil Hall | Aug 6, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued rising for the fifth straight week to a level not seen in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Aug. 6, up from last week when...
International Buyers Spent $4 Billion to Buy Homes in Texas

International Buyers Spent $4 Billion to Buy Homes in Texas

by Phil Hall | Aug 6, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

International buyers bought approximately 7,780 homes in Texas between April 2025 to March 2026, up from 7,500 the year before, according to data from Texas Realtors. Those buyers purchased $4 billion in residential property, down from $4.8 billion in the prior...
Mortgage Application Fraud Risk Trended Higher in Q2

Mortgage Application Fraud Risk Trended Higher in Q2

by Phil Hall | Aug 6, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An estimated one in 119 mortgage applications submitted during the second quarter had indications of fraud, according to the latest Cotality National Mortgage Application Fraud Risk Index report. The index now has a reading of 132, up by 11 points or 9.1% from the...
California Records Q2 Decline in Housing Affordability

California Records Q2 Decline in Housing Affordability

by Phil Hall | Aug 6, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing affordability in California declined in the second quarter after reaching a four-year high in the previous quarter, according to data from the California Association of Realtors (CAR). During the second quarter, 19% of the state’s homebuyers could afford...
Las Vegas Home Prices Decline After Posting Record High

Las Vegas Home Prices Decline After Posting Record High

by Phil Hall | Aug 6, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Las Vegas home prices retreated in July from the record high set in May and June, according to data from Las Vegas Realtors. The median price of a single-family home sold last month in Southern Nevada was $480,000. This marked a 2% drop from the peak price of $490,000...
The NRP Group Breaks Ground on Multifamily Community in Columbus, Ohio

The NRP Group Breaks Ground on Multifamily Community in Columbus, Ohio

by Phil Hall | Aug 6, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The NRP Group announced the groundbreaking of OSU East, a 336-unit upscale housing community in Northwest Columbus, Ohio. The new community is the developer’s first market-rate community in Columbus. The project is situated on a 27.5-acre site that will include an...
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