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Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

by Phil Hall | Jul 21, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...
New Record Set for Pennsylvania’s Median Sales Price

New Record Set for Pennsylvania’s Median Sales Price

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Pennsylvania housing market broke a record in June when the median sales price for a single-family home reached $229,004 – a 4% leap above previous record of $219,811 set in May. According to data from the Pennsylvania Association of Realtors (PAR), the state’s...
Freddie Mac Reports Decline in Mortgage Rates

Freddie Mac Reports Decline in Mortgage Rates

by Phil Hall | Jul 20, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
New York State’s Housing Market Remains Weak

New York State’s Housing Market Remains Weak

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State’s housing market continued to struggle in June, according to new data from the New York State Association of Realtors. Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Pending sales took a 6.2% drop from 12,967 in...
Texas Q2 Median Home Price Down 3.1%

Texas Q2 Median Home Price Down 3.1%

by Phil Hall | Jul 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median price of homes sold in Texas in the second quarter was $345,000, a 3.1% decline from the $357,388 price recorded one year ago, according to new data from Texas Realtors. Half of the Texas residential properties sold in the second quarter this year were in...
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