New Data Reports Find Mixed Results in April Home Price Activity

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of newly published data reports offer mixed results on home price activity during April. The S&P Cotality Case-Shiller US National Home Price NSA Index, covering all nine U.S. census divisions, reported a 0.8% annual gain in April, up from a 0.7% rise in...

Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median luxury home sale price rose 4.7% year-over-year to $1.37 million during the three months ending May 31, according to a data report from Redfin. That surge is more than triple the 1.5% gain in non-luxury sale prices. Pending sales of luxury homes rose 5.2%...

NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The administration of New York City Mayor Zohran Mamdani has disclosed how it plans to enforce its new so-called “pied-à-terre tax” on luxury second homes. The New York Post reports the city’s Department of Finance (DOF) will contact the owners of the targeted...

New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los Angeles

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment company Kennedy Wilson has teamed with the multifamily development firm Jamison in a partnership that plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction. The partnership,...

New Report Finds National Average for Mortgage Closing Costs Down by 3%

by Phil Hall | Jun 30, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Purchase loan closing costs declined nationwide by an average of 2.9% from 2024 to 2025, according to a new data report released by LodeStar Software Solutions. The decline was attributed to a drop in home prices, which reduced transfer tax burdens across many...