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Monthly Mortgage Payments Record First Annual Decline in 4 Years

Monthly Mortgage Payments Record First Annual Decline in 4 Years

by Phil Hall | Aug 22, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median monthly mortgage payment was $2,587 during the four weeks ending Aug. 18, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level since February and a 0.1% dip from one year ago – as well as the first time in four years that monthly...
Pennsylvania Home Sales Up Nearly 10%

Pennsylvania Home Sales Up Nearly 10%

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania home sales were on the upswing in July while home prices recorded a mild decline. According to new data from the Pennsylvania Association of Realtors (PAR), 11,575 homes were sold last month in the Keystone State, up 9.6% year-over-year. Buyers had a...
West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

West Virginia Gov. Jim Justice reached an agreement that will save The Greenbrier, a historic hotel owned by the governor and his family, from being sold in a foreclosure auction. Justice bought the historic Greenbrier out of bankruptcy in 2009. The property dates...
Mortgage Rates Take a Small Dip

Mortgage Rates Take a Small Dip

by Phil Hall | Aug 22, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.46% as of Aug. 22, down from last week when it averaged 6.49%. A year ago at this time, it averaged 7.23%....
Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales in July were on the rise, reversing a four-month streak of monthly declines. According to new data from the National Association of Realtors (NAR), total existing home sales were up 1.3% from June to a seasonally adjusted annual rate of 3.95...
Report: Florida HOA Fees Soaring Above National Median

Report: Florida HOA Fees Soaring Above National Median

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s trouble condominium market is hitting residents in their wallets, with homeowners association (HOA) fees rising dramatically to rates that are significantly above the national median. Tampa’s median monthly HOA fee was up 17.2% year-over-year for the three...
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