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Delaware Home Sales and Prices Down in June

Delaware Home Sales and Prices Down in June

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Delaware home sales and prices dipped in June from May, but prices climbed compared to one year ago. Delaware recorded 1,237 home sales in June, down 1.43% from May and down 4.99% from June 2023, according to new data from the Delaware Association of Realtors (DAR)....
Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92

Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92

by Phil Hall | Jul 25, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Enid C. Pinkney, an educator who played a prominent role in preserving and restoring historic sites linked to the heritage of Miami’s Black population, passed away on July 18 at the age of 92. Born in Miami on Oct. 15, 1931, Pinkney graduated from Booker T. Washington...
The New Normal: Million-Dollar Starter Homes

The New Normal: Million-Dollar Starter Homes

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Q2 Home Sellers’ Profit Margins Remained Stagnant

Q2 Home Sellers’ Profit Margins Remained Stagnant

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year

Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year

by Phil Hall | Jul 25, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), topped the JD Power 2024 US Mortgage Servicer Satisfaction Study. This marked the tenth consecutive year that the Detroit-headquartered company ranked first on JD Power’s mortgage servicing study. The US...
New Initiative Launched to Accelerate Canadian Home Construction

New Initiative Launched to Accelerate Canadian Home Construction

by Phil Hall | Jul 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...
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