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Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

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

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
Pretium’s ‘First Look Home’ Program Seeks to Expand Affordable Homeownership

Pretium’s ‘First Look Home’ Program Seeks to Expand Affordable Homeownership

by Phil Hall | Feb 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pretium, a New York City-headquartered specialized investment firm focused on residential real estate, residential credit, and corporate credit, has introduced the nationwide not-for-profit partnership program “First Look Home,” which is designed to...
Affordable Homeownership in California Remains at Historic Low

Affordable Homeownership in California Remains at Historic Low

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California households during the fourth quarter of 2023 were able to afford the state’s $833,170 median-priced home, according to new data from the California Association of Realtors (CAR). This was unchanged from the third quarter 2023 (when the...
NAHB: Housing Affordability Remains Near Historic Low Level

NAHB: Housing Affordability Remains Near Historic Low Level

by Phil Hall | Feb 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elevated mortgage rates and increased construction costs coupled with onerous regulatory costs resulted housing affordability remaining near its lowest level in more than a decade during the fourth quarter of 2023, according to the National Association of Home...
Zillow’s Hottest Housing Market for 2024 Is…

Zillow’s Hottest Housing Market for 2024 Is…

by Phil Hall | Jan 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) has released its rankings of the hottest housing markets for 2024, with the lower-cost markets of the Great Lakes, Midwest and South the list. In a study of the nation’s 50 most populous metros, Zillow chose Buffalo, New York as the year’s...
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