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Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

by Phil Hall | Jan 22, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

by Phil Hall | Jan 22, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) announced the launch of Rocket.com as a platform designed to help homebuyers with their home search and financing needs. According to the company, Rocket.com will combine home search, financing and servicing needs...
Mortgage Application Activity is Dull, Forbearance Levels Drop

Mortgage Application Activity is Dull, Forbearance Levels Drop

by Phil Hall | Jan 22, 2025 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity remained flat for the week ending Jan. 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
New Data Finds Home Prices Still Rising While Rents Continue to Fall

New Data Finds Home Prices Still Rising While Rents Continue to Fall

by Phil Hall | Jan 21, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have determined home prices are continuing to rise while rental housing costs are still in decline. Redfin (NASDAQ: RDFN) reported home prices rose from one year earlier in December across all 50 of the most populous metropolitan areas – the first...
NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent

NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent

by Phil Hall | Jan 21, 2025 | Current News & Events, Industry Updates, Market Snapshot, Real Estate News, WRE News Exclusive

The trade associations representing the nation’s home builders and mortgage bankers offered generous praise for the new Trump administration. However, the National Association of Realtors (NAR) made no public comment on the change at the White House. Carl Harris,...
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