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New Single-Family Home Sales Up Nearly 34% Year-Over-Year

New Single-Family Home Sales Up Nearly 34% Year-Over-Year

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although mortgage rates are climbing to a vertigo-inducing 8% level and home prices remain at historic highs, Americans are out buying new single-family houses with gusto. According to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban...
Housing Starts Up in September

Housing Starts Up in September

by Phil Hall | Oct 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in September were at a rate of 963,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Last month’s rate was 3.2% higher than the revised August figure of 933,000. Privately‐owned housing...
Fewer Homes Being Sold, Albeit with Higher Prices

Fewer Homes Being Sold, Albeit with Higher Prices

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new housing data reports issued this morning determined there were fewer new single-family homes being sold while the residential properties being purchased were priced higher. Sales of new single‐family houses during August were at a seasonally adjusted annual...
Housing Starts Down in August

Housing Starts Down in August

by Phil Hall | Sep 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in August were at a rate of 941,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Last month’s rate was 4.3% below the revised July figure of 983,000. Privately‐owned housing...
Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

by Phil Hall | Aug 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23% as of today, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). Last week, it broke past the 6% mark to average 7.09%m while a year ago at this time...
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