Mortgage Rates Trend Lower

by Phil Hall | Jun 18, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates retreated in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of June 18, down from last week when it averaged 6.52%. A year ago at this time, it averaged 6.81%. The...

Report: 1 in 3 Adults Under 35 Still Lives with Their Parents

by Phil Hall | Jun 18, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A record 25.2 million adults under 35 lived with their parents in 2025, according to data from Realtor.com. The 33.0% co-residence rate among adults under 35 in 2025 is slightly below the 2020 all-time high of 33.6%. Among those aged 25 to 34 who have yet to move out,...

Home Flipping Activity and Returns Up During Q1

by Phil Hall | Jun 18, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 64,348 single-family homes and condominiums were flipped during the first quarter, accounting for 8% of home sales for that period. According to data from ATTOM, the first quarter flipping rated was up from 7.2% in the previous quarter but down from 8.2% at...

President Trump’s Former Connecticut Mansion to be Demolished and Replaced

by Phil Hall | Jun 18, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The former Connecticut estate of President Trump is undergoing significant upgrades, including the demolition of its mansion in favor of a new residence. The 19,773-square-foot waterfront residence in the affluent New York City suburb of Greenwich was built in 1939...

New Home Purchase Activity Slowed in May

by Phil Hall | Jun 18, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in May were down by 3% from the prior month, but they were also up by 3.8% from one year earlier. According to the Mortgage Bankers Association, new single-family home sales were at a seasonally adjusted annual rate of...