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Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

by Phil Hall | Jul 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
Mortgage Application Activity Takes a Downturn

Mortgage Application Activity Takes a Downturn

by Phil Hall | Jul 10, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity dipped in the latest Mortgage Bankers Association (MBA) data tracking the week ending July 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, slipped by a scant 0.2% percent on a seasonally adjusted...
The City with the Biggest Annual Rent Hike Is…

The City with the Biggest Annual Rent Hike Is…

by Phil Hall | Jul 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut’s capital city of Hartford is leading the country for rent hikes, according to new data from Zillow (NASDAQ:Z, ZG). Rents have grown 7.8% over the past year in Hartford, the greatest annual spike in any major city; the current typical rent in Hartford is...
The Best and Worst Cities for Renters Are…

The Best and Worst Cities for Renters Are…

by Phil Hall | Jul 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Bismarck, North Dakota, ranked first among more than 180 as the best market for rental housing in WalletHub’s 2024 Best & Worst Places to Rent survey. For this year’s survey, WalletHub number-crunched 21 indicators of rental attractiveness, ranging from the...
Survey: Most Gen Zers Believe They’ll Never Own a Home

Survey: Most Gen Zers Believe They’ll Never Own a Home

by Phil Hall | Jul 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of Gen Zers believe they will never be able to become homeowners, according to a new survey published by Clever Real Estate. In a nationwide poll of 1,000 Gen Zers, 60% of respondents were worried that will never own a home, while 18% believed they can...
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