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$110 Million Los Angeles Estate is May’s Most Expensive Home Sale

$110 Million Los Angeles Estate is May’s Most Expensive Home Sale

by Phil Hall | Jun 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 10 most expensive home sales during May were based entirely in Southern California, Florida and Manhattan, according to a new report from Redfin (NASDAQ: RDFN), with four of the homes selling for $55 million or more and all selling for more than $30 million. Last...
Refinancing Fuels Mild Uptick in Mortgage Application Activity

Refinancing Fuels Mild Uptick in Mortgage Application Activity

by Phil Hall | Jun 25, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity improved slightly during the week ending June 20 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price

Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price

by Phil Hall | Jun 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 6% of homes are at risk of being sold for less than their purchase price, according to a new data report from Redfin (NASDAQ: RDFN) based on active listings on the MLS during May. Last year at this time, the share was at 4.4%. Redfin noted this situation varied...
Case-Shiller Index Records 2.7% Annual Gain in April

Case-Shiller Index Records 2.7% Annual Gain in April

by Phil Hall | Jun 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 2.7% annual return in April, down from 3.4% the previous month. The 10-City Composite annual increase came in at 4.1%, down from 4.8% the previous month, while the 20-City Composite posted...
Existing Home Sales Up in May

Existing Home Sales Up in May

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

There is good news in the housing market – existing home sales were up in May by 0.8% month-over-month to a seasonally adjusted annual rate of 4.03 million, according to the National Association of Realtors (NAR). However, last month also saw a 0.7% year-over-year...
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