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Builder Confidence Drops to 7-Month Low

Builder Confidence Drops to 7-Month Low

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes dropped by one point to 42 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marked the HMI’s lowest reading since...
Real Estate Leaders Push Back at Biden’s Rent Control Proposals

Real Estate Leaders Push Back at Biden’s Rent Control Proposals

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In an attempt to reanimate a struggling re-election campaign that has been burdened by calls from within his party to step aside, President Biden is trying to shift his campaign’s focus to the challenges facing the housing market by calling for new federal rent...
The Best and Worst Cities for First-Time Homebuyers Are…

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

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida is home to six of the top 10 markets for first-time buyers, according to WalletHub’s newly published list of the Best & Worst Cities for First-Time Home Buyers in 2024. In number-crunching this year’s list, WalletHub analyzed 300 cities of varying sizes...
Zillow: Price Cuts on One-in-Four Listings in June

Zillow: Price Cuts on One-in-Four Listings in June

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in the seven swing states that might determine the winner in this year’s presidential election have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election, according to new data report from Redfin (NASDAQ:RDFN)....
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