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First American: Overvalued Housing Market Squashes Affordable Homeownership

First American: Overvalued Housing Market Squashes Affordable Homeownership

by Phil Hall | Apr 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s top 50 metro markets are overvalued, which is fueling the continued lack of affordable homeownership opportunities, according to the latest Real House Price Index (RHPI) data from First American Data & Analytics, a division of First...
Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership

Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Austin Board of Realtors (ABoR) is backing a proposal to expand affordable homeownership opportunities by subdividing single-family lots for the building of smaller and less expensive homes. According to a CBS Austin report, the median price for home sales in the...
Rhode Island’s Housing Secretary: Our ‘Production Rate is Too Low’

Rhode Island’s Housing Secretary: Our ‘Production Rate is Too Low’

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island Housing Secretary Stefan Pryor is complaining that his state’s new construction supply is not keeping pace with the local demand. “Our housing production rate is too low,” said Pryor in an interview with NBC 10 News WJAR-TV. “In fact, it’s the lowest in...
Hits and Misses for the Real Estate Week of March 25-29

Hits and Misses for the Real Estate Week of March 25-29

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The story behind the Sitzer/Burnett case, squatters getting the boot in Florida and an iconic hotel’s demise. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 25-29. Miss: Placing Blame Elsewhere. Rhonda Burnett, a...
ATTOM: Home Affordability Remained Elusive During Q1

ATTOM: Home Affordability Remained Elusive During Q1

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the first quarter of this year compared to historical averages in more than 95% of counties around the U.S., according to a new data report from ATTOM. The report found the major expenses on...
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