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Redfin: Median Sales Price Hits New Record High

Redfin: Median Sales Price Hits New Record High

by Phil Hall | Jul 3, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by Redfin (NASDAQ:RDFN) tracking the four weeks ending June 30 has placed the median sales price at $397,954, an all-time high. This price is up 4.9% from one year ago, marking the largest annual increase since March. During the same period, the...
Person of the Week: Paul Bernard, President and CEO of Affordable Homes & Communities

Person of the Week: Paul Bernard, President and CEO of Affordable Homes & Communities

by Phil Hall | Jul 3, 2024 | Current News & Events, Person of the Week, Real Estate News, WRE News Exclusive

In this edition of Person of the Week, our spotlight shines on Paul Bernard, president and CEO of Affordable Homes & Communities, a nonprofit affordable housing developer in the Greater Washington, D.C. Metro Area, and an adjunct professor of urban and regional...
US Home Affordability Continued to Fray During Q2

US Home Affordability Continued to Fray During Q2

by Phil Hall | Jul 3, 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 second quarter compared to historical averages in 99% of counties around the nation, according to new data from ATTOM, which also found that major expenses on median-priced homes consumed...
Mortgage Application Activity Slumps Again

Mortgage Application Activity Slumps Again

by Phil Hall | Jul 3, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity concluded last month in decline, according to the Mortgage Bankers Association (MBA) data for the week ending June 28. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 2.6% on a seasonally...
Study: Detroit Cited as Most Overvalued Housing Market

Study: Detroit Cited as Most Overvalued Housing Market

by Phil Hall | Jul 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Detroit has elbowed out Atlanta to become the most overpriced U.S. housing market, according to new the new Top 100 U.S. Housing Markets report from Florida Atlantic University and Florida International University. According to data covering May housing trends, homes...
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