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Q1 Texas Home Sales Were Flat Despite Spike in Active Listings

Q1 Texas Home Sales Were Flat Despite Spike in Active Listings

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

The level of home sales in Texas during the first quarter was unchanged from one year ago despite a spike in listings, according to new data from Texas Realtors. A total of 72,361 home sales occurred during the first three months of the year in Texas, roughly...
CVS Health Invests $19.2 Million for Colorado Affordable Housing Project

CVS Health Invests $19.2 Million for Colorado Affordable Housing Project

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

CVS Health (NYSE: CVS) announced it has invested $19.2 million through Boston Financial to build 85 new affordable housing units in Arvada, Colorado. The investment was made in collaboration with Family Tree and BlueLine Development. The development, known as Marshall...
Mortgage Demand Down 2.7%

Mortgage Demand Down 2.7%

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

Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

by Phil Hall | Apr 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly two out of five homeowners (38%) said they could not afford to buy their own home if they were purchasing it today, according to a new report from Redfin (NASDAQ: RDFN). In a February survey of nearly 3,000 U.S. residents, 59% of homeowners who answered...
New Home Sales Up 8.8% in March

New Home Sales Up 8.8% in March

by Phil Hall | Apr 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Higher home prices and elevated mortgage rates did not stop buyers last month as new single‐family houses sales during March were at a seasonally adjusted annual rate of 693,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban...
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