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Albany Home Contracts Rise 9.8% Even as New York and U.S. Pending Sales Fall

Albany Home Contracts Rise 9.8% Even as New York and U.S. Pending Sales Fall

by John G. Stevens | Oct 21, 2026 | Mortgage Information, Real Estate News

Albany-area homebuyers signed more purchase contracts in September even as pending sales fell sharply across New York state and the country. The divergence is unusually pronounced: accepted contracts rose 9.8% from a year earlier in the Capital Region, while statewide...
First-Time Buyers Dominate NeighborWorks Closings as Assistance Reaches $16,700

First-Time Buyers Dominate NeighborWorks Closings as Assistance Reaches $16,700

by John G. Stevens | Oct 19, 2026 | Mortgage Information, Real Estate News, U.S. Housing Market

Almost every homebuyer who closed a purchase through the NeighborWorks America nonprofit network last year was buying a first home, according to a five-year analysis released Monday. The finding illustrates how housing counseling and purchase assistance can help...
Buyers Paying More in Mortgage Interest Than Their Home Costs

Buyers Paying More in Mortgage Interest Than Their Home Costs

by Phil Hall | Jun 10, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A buyer who purchases the median-priced home today with 20% down will pay $413,700 in interest over a 30-year mortgage at the current 6.53% rate, according to a data report from Best Interest Financial and Clever Real Estate. However, that sum is $10,500 more than the...
Report: Typical Homebuyer’s Down Payment at $64,000

Report: Typical Homebuyer’s Down Payment at $64,000

by Phil Hall | Jun 2, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer’s down payment in March was $64,000 in March, a 1.5% year-over-year decline. According to a new data report from Redfin, the typical homebuyer puts down 15% of a home’s purchase price, compared to 16.1% in March 2025. Redfin analyzed county...
Trump Rejects Idea of Using 401(k) Funds for Homebuying Down Payment

Trump Rejects Idea of Using 401(k) Funds for Homebuying Down Payment

by Phil Hall | Jan 23, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

President Trump is rejecting a proposal raised by his administration that would have enabled homebuyers to use money from their 401(k) accounts to finance down payments. The Hill reports National Economic Council Director Kevin Hassett previewed the proposal last week...
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