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Mortgage Application Activity Drops as Home Prices Rise

Mortgage Application Activity Drops as Home Prices Rise

by Phil Hall | May 28, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity fell for the second consecutive week as home prices were on the rise. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis for the...
Case-Shiller: Home Price Acceleration is Slowing

Case-Shiller: Home Price Acceleration is Slowing

by Phil Hall | May 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices continued to rise in March, according to the latest S&P CoreLogic Case-Shiller data, albeit at a slight decrease from the previous reading in February. The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.4% annual return...
Illinois Home Sales Decline While Housing Inventory Grows

Illinois Home Sales Decline While Housing Inventory Grows

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 11,308 single-family homes and condominiums were sold in Illinois during April, which marked a 3.4% drop from the 11,705 homes sold one year earlier. According to data from Illinois Realtors, the dip in home sales was seesawed by a rise in inventory – the...
Alabama Home Sales Dropped in April

Alabama Home Sales Dropped in April

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded 5,791 home sales during April, down 6.8% from the prior month but up 10.8% from one year earlier. According to data from the Alabama Association of Realtors (AAR), the state had 19,144 active listings at the end of April, a 27% upswing compared to the...
Home Sales and Prices Down in Florida

Home Sales and Prices Down in Florida

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 23,572 in April, down 4.5% year-over-year, while existing condo-townhouse sales totaled 8,710, down 14.8% over the same period. According to data from Florida Realtors, new listings for existing...
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