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New Record High for Pennsylvania’s Median Home Sales Price

New Record High for Pennsylvania’s Median Home Sales Price

by Phil Hall | May 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania’s median home sales price broke a new record in April at $280,000, up nearly 25% from March and up 7.6% from one year earlier, according to data from the Pennsylvania Association of Realtors (PAR). As prices soared so did sales. Last month, Pennsylvania’s...
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to data released by the American Land Title Association (ALTA). A new independent analysis...
Majority of Relocation Activity Points to Southeast

Majority of Relocation Activity Points to Southeast

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Outbound migration is pointing to the Southeast, according to the fourth annual Moving Trends Report published by PODS Enterprises LLC. For the second consecutive year, Myrtle Beach, South Carolina, and Wilmington, North Carolina, tied for the top spots on the list of...
MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

by Phil Hall | May 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit criticized the Biden administration for working against the best interests of housing market professionals, observing that “it sometimes feels like it is attacking you directly and injuring the...
Christie’s International Real Estate Expands Into Vietnam

Christie’s International Real Estate Expands Into Vietnam

by Phil Hall | May 20, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate has expanded into Vietnam through a new venture, S&S Christie’s International Real Estate. The new firm is led by Sassy Nguyen, who works with her husband and business partner Sam Vu as the owners of S&S Group, a...
Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes

Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Iowa Association of Realtors (IAR), in partnership with the Realtors Relief Foundation (RRF), is offering financial assistance to displaced individuals who were severely impacted in last month’s tornadoes. On April 26, more than 300 residences and buildings were...
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