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Report: Refinancing Fueled Q3 Mortgage Lending Activity

Report: Refinancing Fueled Q3 Mortgage Lending Activity

by Phil Hall | Nov 21, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.67 million mortgages were secured by residential property (1 to 4 units) during the third quarter, according to a data report from ATTOM. This marked 1.9% increases on both a quarterly and annual measurement. Lenders issued $553.1 billion worth of...
Survey: Most Buyers Move to Find a Bigger and Better Home

Survey: Most Buyers Move to Find a Bigger and Better Home

by Phil Hall | Nov 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Why do people want to move? A new survey from Redfin (NASDAQ: RDFN) determined people are in search of bigger and better surroundings – as well as finding a cheaper place to live. In a survey of 1,802 adults, respondents cited a desire for more space (31.2%) as the...
Housing Starts Dropped in October

Housing Starts Dropped in October

by Phil Hall | Nov 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts during October were at a rate of 970,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This represents a 6.9% decline from the September figure of 1.04 million. Privately-owned housing...
Builder Confidence Up for Third Straight Month

Builder Confidence Up for Third Straight Month

by Phil Hall | Nov 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) found builder confidence in the market for newly built single-family homes at a 46 level in November, up three points from October. This marked the third consecutive month...
Survey: Most People Earning Under $50,000 Struggle to Afford Housing

Survey: Most People Earning Under $50,000 Struggle to Afford Housing

by Phil Hall | Nov 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly three-quarters (74%) of US residents who earn less than $50,000 per year report struggling to cover their mortgage or rent payments, according to a new survey from Redfin (NASDAQ: RDFN). From the 1,802 people polled for the survey, nearly one-quarter (24%) said...
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