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Profit Margins on Home Sales Down 44.2% During Q1

Profit Margins on Home Sales Down 44.2% During Q1

by Phil Hall | Apr 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Profit margins on median-priced single-family home and condo sales during the first quarter of this year were down by 44.2%, according to new data from ATTOM. This marked the third straight quarterly decrease nationwide and resulted in the lowest investment return...
Mortgage Delinquency Rate Remains Near Record Low

Mortgage Delinquency Rate Remains Near Record Low

by Phil Hall | Apr 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the...
MBA: Mortgage Application Payments Up 1.6% to $2,093 in March

MBA: Mortgage Application Payments Up 1.6% to $2,093 in March

by Phil Hall | Apr 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyer affordability declined in March as with the national median payment applied for by purchase applicants increasing 1.6% to $2,093 from $2,061 in February, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI)....
Guest Opinion: Can Solar Tax Credits Help Make Housing More Affordable?

Guest Opinion: Can Solar Tax Credits Help Make Housing More Affordable?

by Justin Draplin | Apr 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Solar energy has many benefits to offer a housing industry that is more invested in sustainability and cost savings for homeowners. Many states have prioritized solar energy and offered a number of incentives for homeowners who choose to install solar panels, with...
MBA: Mortgage Applications Up 3.7%

MBA: Mortgage Applications Up 3.7%

by Phil Hall | Apr 26, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More Americans were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 3.7% on a seasonally adjusted basis from one week earlier, while the unadjusted index was up by...
Is A New Housing Bubble Being Formed?

Is A New Housing Bubble Being Formed?

by Phil Hall | Apr 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Is there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is in the making. In their article “Prepare for a Generational Housing Bubble,” Phil Powell, clinical associate...
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