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Hits and Misses for the Real Estate Week of April 28-May 2

Hits and Misses for the Real Estate Week of April 28-May 2

by Phil Hall | May 2, 2025 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 28-May 2. Miss: A Dent to...
Century Communities Unveils New Atlanta-Area Community

Century Communities Unveils New Atlanta-Area Community

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

Century Communities Inc. (NYSE: CCS) has announced it will soon open The Ridge at Twin Rivers in Covington, Georgia, located about 35 miles from Atlanta. The new community is part of the company’s Century Complete brand and will feature nearly 100 single-family...
The State with the Greatest Increase in Mortgage Debt Is…

The State with the Greatest Increase in Mortgage Debt Is…

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

One of the nation’s smallest states has the greatest increase of mortgage debt, according to a new data report from WalletHub. In an analysis of proprietary data from 2024’s third quarter to fourth quarter, Vermont recorded the greatest upswing in mortgage debt, with...
Mortgage Rates Continue Their Decline

Mortgage Rates Continue Their Decline

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

Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.22%....
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home

Report: Households Need to Earn $114,000 to Afford a Median-Priced Home

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

American households need to earn $114,000 annually to afford a median-priced home, according to new data report from Realtor.com. Since pre-pandemic 2019, the income required to afford the median-priced home has jumped 70.1% from $67,000. Five of the 10 markets with...
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