Mortgage Rates Rise for Second Straight Week

by Phil Hall | Oct 2, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...

Report: One in Five Homes Had Price Reductions in September

by Phil Hall | Oct 2, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...

CMBS Delinquency Rate Falls After 6 Months of Increases

by Phil Hall | Oct 2, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...

Luxury Home Sales Rise While Sales Activity Declines

by Phil Hall | Oct 2, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Luxury home sale prices were up by 3.9% year-over-year to a median $1.25 million, a record high for the month of August, according to new data from Redfin. Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median...

FCP Expands into Las Vegas with Apartment Community Acquisition

by Phil Hall | Oct 2, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment firm FCP has made its first foray into the Las Vegas market with the acquisition of The Avondale Apartments, a 560-unit community. Avondale comprises one-, two-, and three-bedroom residences in three-story buildings. Community amenities...