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Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization

Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization

by Phil Hall | Jun 6, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has taken aim at the Trump administration for failing to question Rocket Companies’ (NYSE: RKT) recent acquisition announcements and for seeking to privatize Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). Reuters reports Warren...
US Housing Market Has Nearly $700 Billion in Listings, a Record High

US Housing Market Has Nearly $700 Billion in Listings, a Record High

by Phil Hall | Jun 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of $698 billion worth of US homes are listed for sale as of April, according to new data from Redfin (NASDAQ: RDFN). This marks a 20.3% increase from one year ago and the highest dollar amount recorded since Redfin began tracking this data in 2012. This new...
Report: New Apartments Sitting Vacant for Months

Report: New Apartments Sitting Vacant for Months

by Phil Hall | May 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
Data Reports Affirm Housing Supply Outpaces Demands

Data Reports Affirm Housing Supply Outpaces Demands

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market’s supply-and-demand imbalance has tilted in favor of homebuyers, according to a pair of new data reports. Redfin (NASDAQ: RDFN) reports there is currently an estimated 1.9 million home sellers nationwide competing for an estimated 1.5 million...
Investors Say ‘No, Thanks!’ to Buying Condos

Investors Say ‘No, Thanks!’ to Buying Condos

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

The condo market has become so bad – pause for a “Match Game”-style response of “How bad is it?” – that nearly seven in 10 (68%) condos sold below list price in the first quarter, the lowest share in five years. Furthermore, new data from Redfin (NASDAQ: RDFN) found...
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