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Case-Shiller: Home Price Index Up 3.8%

Case-Shiller: Home Price Index Up 3.8%

by Phil Hall | Jan 28, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.8% annual return for November, up from a 3.6% annual gain in October. The 10-City Composite saw an annual increase of 4.9%, the same level as in the previous month, while the 20-City...
New Home Sales Up in December

New Home Sales Up in December

by Phil Hall | Jan 27, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in December were at a seasonally adjusted annual rate of 698,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 3.6% above the revised November rate of 674,000 and is...
Existing Home Sales Up in December

Existing Home Sales Up in December

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

Existing home sales ended 2024 in an upswing, according to data from the National Association of Realtors (NAR). Total existing home sales rose by 2.2% from November to a seasonally adjusted annual rate of 4.24 million in December. Year-over-year, sales were up 9.3%...
Mortgage Rates Drop Below 7%

Mortgage Rates Drop Below 7%

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

Mortgage rates dropped below the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23, down from last week when it averaged 7.04%. A year ago at this time, it...
Home Selling Profits Down in 2024 Despite Price Gains

Home Selling Profits Down in 2024 Despite Price Gains

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

Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
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