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Senate Banking Committee Unanimously Approves Bipartisan ROAD to Housing Act

Senate Banking Committee Unanimously Approves Bipartisan ROAD to Housing Act

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

In a rare display of Capitol Hill bipartisanship, the Senate Banking Committee unanimously passed the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025. The legislation is designed to expand and preserve the national housing supply through 40...
Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank

Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A federal judge in Philadelphia has rejected a request by the Department of Justice (DOJ) to bring an early conclusion to a $3 million settlement made with a Pennsylvania bank that was accused of redlining. The Philadelphia Inquirer reports US District Judge Michael...
New Record High for Delaware’s Median Sales Price

New Record High for Delaware’s Median Sales Price

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Delaware median sales price broke the $400,000 mark for the first time in June when it hit $405,996 – the previous record of $399,000 was achieved one month earlier. In June 2024, the price was $389,833. Delaware recorded 1,300 home sales during June, a slight...
Starter Homes Sales and Prices on the Rise

Starter Homes Sales and Prices on the Rise

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of starter homes rose 3.9% year-over-year in June to the highest level in two years, according to a new report from Redfin. June was the 10th consecutive month in which home sales rose year-over-year. Pending sales of starter homes were also up last month with a...
New Report Details Skyrocketing NYC Rental Housing Costs

New Report Details Skyrocketing NYC Rental Housing Costs

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in New York accounted for 55% of a typical household income in the second quarter of 2025, nearly 10% above the 44.5% national median in the for-sale market and more than double the recent share for typical renters nationwide. According to a new...
Case-Shiller: Home Price Momentum Continues to Slow

Case-Shiller: Home Price Momentum Continues to Slow

by Phil Hall | Jul 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 2.3% annual return for May, down from a 2.7% annual gain in the previous month. The 10-City Composite saw an annual increase of 3.4%, down from a 4.1% annual increase in the previous month,...
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