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Report: National Housing Deficit Level Holds Steady at 4.7 Million Units

Report: National Housing Deficit Level Holds Steady at 4.7 Million Units

by Phil Hall | Jul 15, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national housing deficit remained at 4.7 million units in 2024, rising by just 43,000 homes, according to a new Zillow report based on US Census Bureau data. Zillow attributed the steady deficit level to a homebuilding boom that increased the total number of...
Declines Recorded for Mortgage Application Activity and Mortgage Credit Availability

Declines Recorded for Mortgage Application Activity and Mortgage Credit Availability

by Phil Hall | Jul 15, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of new data reports from the Mortgage Bankers Association (MBA) found mortgage application activity and mortgage credit availability in decline. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally...
Median Asking Monthly Rent Posts 35th Straight Month of Annual Declines

Median Asking Monthly Rent Posts 35th Straight Month of Annual Declines

by Phil Hall | Jul 14, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking monthly rent across the 50 largest metros during June was $1,692, down by 1.5%, or $25, from one year ago. According to data from Realtor.com, June marked the 35th straight month of year-over-year declines. The median asking monthly rent is now $72...
The Best and Worst Cities for First-Time Homebuyers Are…

The Best and Worst Cities for First-Time Homebuyers Are…

by Phil Hall | Jul 14, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida and Arizona dominated the higher rankings of WalletHub’s latest data report “Best & Worst Cities for First-Time Homebuyers in 2026,” while California cities occupied most of the list’s lower ranking levels. For this report, WalletHub number-crunched data...
Mortgage Rates Creep Up Slightly

Mortgage Rates Creep Up Slightly

by Phil Hall | Jul 9, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates registered a mild uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of July 9, up from last week when it averaged 6.43%. A year ago at this time, it averaged...
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