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John Lennon and Yoko Ono’s First NYC Home is Listed for $5.5 Million

John Lennon and Yoko Ono’s First NYC Home is Listed for $5.5 Million

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

The two-story building in New York City’s Soho district that was once home to John Lennon and Yoko Ono has been listed for the first time in 53 years for $5.5 million. The couple bought the building in 1971 and lived there for two years until they moved into the...
Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland

Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland

by Phil Hall | May 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Tennessee judge has blocked the planned foreclosure auction of Graceland, the former estate of Elvis Presley. The Associated Press reported that Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction, which was slated to...
Existing Home Sales Down Despite Inventory Gains

Existing Home Sales Down Despite Inventory Gains

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

Existing home sales were down by 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April, according to new data from the National Association of Realtors (NAR). Compared to the previous year, sales were also down by 1.9% from 4.22 million in...
Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K

Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K

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

The monthly median selling price for single-family homes in the Boston area reached a record high in April of $950,000, according to data from the Greater Boston Association of Realtors (GBAR). This represented a 16.2% year-over-year spike from the median of $817,250...
Refinancing Drives Uptick in Mortgage Application Activity

Refinancing Drives Uptick in Mortgage Application Activity

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

Refinancing helped fuel an increase in mortgage application activity for the week ending May 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.9% on a...
Median Asking Rents Down for Ninth Straight Month

Median Asking Rents Down for Ninth Straight Month

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

The median asking rent nationally in April for 0-2 bedroom units declined year-over-year by 0.7% to $1,723, according to new data from Realtor.com. This marked the ninth consecutive year-over-year drop, with declines recorded in all size categories of rental housing....
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