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Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

by Phil Hall | May 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rate for Black households has grown faster than average since 2019, though it is still lower than its peak from 20 years ago. According to a new data report from Zillow (NASDAQ:Z, ZG), nearly 46% of Black households own their home, down from its...
Mortgage Application Activity Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | May 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slumped during the week ending May 24, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.7% on a seasonally adjusted basis from one week...
Case-Shiller: Home Prices at Another Record High

Case-Shiller: Home Prices at Another Record High

by Phil Hall | May 28, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.5% annual gain for March, the same increase as the previous month. The 10-City Composite saw an 8.2% increase, up from an 8.1% increase in the previous month, while the 20-City...
‘Home Alone’ House Listed for $5.25 Million

‘Home Alone’ House Listed for $5.25 Million

by Phil Hall | May 28, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The suburban Chicago house that was used as the setting of the 1990 comedy film classic “Home Alone” has been listed for sale at $5.25 million. The Wall Street Journal reported the redbrick Georgian residence in Winnetka, Illinois, still attracts fans of the movie who...
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

by Phil Hall | May 24, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical American family needs to spend 38% of its household income to make a mortgage payment on a median priced new single-family home, according to the latest quarterly Cost of Housing Index data from the National Association of Home Builders (NAHB). For...
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