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New Home Sales Up in February

New Home Sales Up in February

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

Sales of new single-family houses during February were at a seasonally adjusted annual rate of 676,000, according to estimates published by the US Census Bureau and the Department of Housing and Urban Development. This is 1.8% above the revised January rate of 664,000...
Case-Shiller, FHFA Point to Continued Home Price Increases

Case-Shiller, FHFA Point to Continued Home Price Increases

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

Two new data reports covering January’s housing market are showing continued acceleration in home prices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 4.1% annual gain in January, up from 4% the previous month. The 10-City Composite...
Existing Home Sales Up 4.2% in February

Existing Home Sales Up 4.2% in February

by Phil Hall | Mar 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales jumped 4.2% from January to February, reaching a seasonally adjusted annual rate of 4.26 million in February. According to data from the National Association of Realtors (NAR), year-over-year sales were down by 1.2% from 4.31 million in February...
Home Flipping Activity Declines, Gross Profits Rise

Home Flipping Activity Declines, Gross Profits Rise

by Phil Hall | Mar 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 297,885 single-family homes and condos were flipped in 2024, according to data from ATTOM. This is a 7.7% decline from the 322,782 flips in 2023 and a 32.4% from a recent peak of nearly 441,000 reached in 2022. Only 7.6% of home sales in 2024 were flips,...
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

by Phil Hall | Mar 19, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The trend of declining rents could be reversed due to low multifamily permitting in the nation’s top 50 metros, according to a data analysis from Realtor.com. Within the top 50 metros, 294,000 multifamily units were permitted in 2024, which Realtor.com said was below...
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