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Asking Rents for New Apartments at Lowest Level in 2 Years

Asking Rents for New Apartments at Lowest Level in 2 Years

by Phil Hall | Sep 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Asking rents for newly constructed apartments fell to $1,746 in the second quarter, according to new data from Redfin (NASDAQ: RDFN). This is a 6.2% decline from one year earlier – as well as the second consecutive quarter for declines, the second-steepest drop in...
Report: Affordable Homeownership Remained Elusive in Q3

Report: Affordable Homeownership Remained Elusive in Q3

by Phil Hall | Sep 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the third quarter compared to historical averages in 99% of counties around the nation, according to a new data report from ATTOM. The national median price for single-family homes and condos...
Grant Cardone: Kamala Harris ‘Does Not Understand Housing’

Grant Cardone: Kamala Harris ‘Does Not Understand Housing’

by Phil Hall | Sep 25, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

High-profile real estate investor Grant Cardone has given Vice President Kamala Harris an F grade for her comprehension of housing issues. “Kamala Harris is either financially illiterate, incompetent, or she believes that her voters are. Her plans come up every...
New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days

New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days

by Phil Hall | Sep 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New home sales are down as more residences for sale are spending extended periods on the market, according to a pair of new data reports. Sales of new single-family houses in August were at a seasonally adjusted annual rate of 716,000, according to estimates published...
Refinancing Drives Up Mortgage Application Activity

Refinancing Drives Up Mortgage Application Activity

by Phil Hall | Sep 25, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners seeking refinancing drove the increased volume of mortgage applications for the week ending Sept. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
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