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Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the National Association of Realtors (NAR) determined that 199 out of 223 metro markets, or 89%, recorded home price gains in the second quarter as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%. NAR added that 13% of the 223 tracked metro...
New Listing Activity Percolates Across Mid-Atlantic Region

New Listing Activity Percolates Across Mid-Atlantic Region

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listing activity in the Mid-Atlantic region is up 5.5% year-to-date, with active listings at the end of July up 24.7% year-over-year, according to new data from Bright MLS. The median sold price in the Bright MLS service area in July was $420,000, up 5%...
Study: Most Homebuyers Find Properties That Fit Their Size Needs

Study: Most Homebuyers Find Properties That Fit Their Size Needs

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of new single-family homes constructed in the range of 1,600 to 3,000 square feet is tracking closely with the share of buyers seeking homes of that size, according to a data study from the National Association of Home Builders (NAHB) and the U.S....
Fannie Mae: Only 17% Believe Now is a Good Time for Homebuying

Fannie Mae: Only 17% Believe Now is a Good Time for Homebuying

by Phil Hall | Aug 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Consumer confidence in the housing market was decidedly mixed in the latest Home Purchase Sentiment Index data published by Fannie Mae (OTCQB: FNMA). The index dropped by 1.1 points in July to 71.5, with only 17% of consumers stating now is a good time to buy a home,...
Home Price Growth Continues to Cool

Home Price Growth Continues to Cool

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home price growth cooled for the second consecutive month in June as year-over-year gains inched down to 4.7%, according to new data from CoreLogic. This is down slightly from the 4.9% year-over-year gains in May. However, June also marked the 149th consecutive month...
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