Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points

by Phil Hall | Jun 26, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national mortgage delinquency rate rose 15 basis points to 3.50% in May, according to data from Intercontinental Exchange Inc. (NYSE: ICE). However, that uptick was attributed to a calendar anomaly. Andy Walden, head of mortgage and housing market research at ICE,...

Police Identify 2 of the 3 Skeletal Remains Found in Foreclosed Connecticut House Purchase

by Phil Hall | Jun 26, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The identities of two of the three skeletal remains found in a Connecticut home purchase in an “as is” foreclosure this month have been identified. The Connecticut State Police identified the bodies of Sally Ann Cash, 54, and her son Brian Cash, 22. The third skeletal...

NYC Board Approves Mamdani’s Rent Freeze

by Phil Hall | Jun 26, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...

Speaker Johnson to Transmit Housing Bill to Trump

by Phil Hall | Jun 26, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

House Speaker Mike Johnson (R-LA) said Congress will transmit the 21st Century ROAD to Housing bill to President Donald Trump for his signature after the president cancelled a signing ceremony for the bipartisan legislation on Wednesday. ABC News reports Johnson did...

Illinois Home Sales and Inventory Decline While Median Price Rises

by Phil Hall | Jun 25, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 12,555 home sales in May, a 1.5% decline from the 12,750 sold one year earlier. According to data from Illinois Realtors, the 19,719 homes available for sale statewide last month were 7.7% less than the 21,356 homes available in May 2025. However,...