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Mortgage Rates Decline for Fifth Straight Week

Mortgage Rates Decline for Fifth Straight Week

by Phil Hall | Jul 3, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

While fireworks will be soaring over the Fourth of July, mortgage rates are going into the holiday weekend in a continued decline. According to the Primary Mortgage Market survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as...
Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros

Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros

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

The latest Monthly Housing Report from Realtor.com has found 22 of the 50 largest metros have more active listings on the market than they did in the pre-pandemic years. However, the report stops short of declaring the current environment as a buyer’s market. Denver...
Report: Pet Friendly Rentals Get Leased Faster

Report: Pet Friendly Rentals Get Leased Faster

by Phil Hall | Jul 2, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Rental housing property managers can sign new tenants with greater speed by being pet friendly, according to a new data report by Zillow (NASDAQ: Z, ZG). Nearly six in 10 of today’s renters have a pet, up from 46% before the pandemic, and nearly half said they passed...
Refinancing Fuels Upswing in Mortgage Application Activity

Refinancing Fuels Upswing in Mortgage Application Activity

by Phil Hall | Jul 2, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity revved up for the week ending June 27 thanks to an increased level of refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Report: Condo Prices Drop in Second Largest Decline on Record

Report: Condo Prices Drop in Second Largest Decline on Record

by Phil Hall | Jul 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median condo sale price in May was $354,1000, a 2.2% year-over-year decline and the second largest drop since data recording began in 2012, according to a new report by Redfin. The only time condo prices posted a larger year-over-year decline was the 2.95 drop in...
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