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Single-Family Housing Starts Jump by 11.6%

Single-Family Housing Starts Jump by 11.6%

by Phil Hall | Mar 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in February were at a rate of 1.12 million, according to new data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. This is 11.6% above the revised January figure of 1.01 million. Privately‐owned housing...
Builder Confidence at Highest Level in Eight Months

Builder Confidence at Highest Level in Eight Months

by Phil Hall | Mar 18, 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 climbed three points to 51 in March, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This is the highest level since July 2023, as...
Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

by Phil Hall | Mar 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Billionaire tech investor Marc Andreesen has listed his mansion in the ultra-upscale town of Atherton, California for $33.3 million. The Wall Street Journal reported that Andreessen – who co-founded Netscape and whose venture-capital firm Andreessen Horowitz were...
Redfin: February’s New Listings Up 14.8% from Last Year

Redfin: February’s New Listings Up 14.8% from Last Year

by Phil Hall | Mar 15, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings in February were up by 3.8% on a seasonally adjusted basis from January to February, according to data from Redfin (NASDAQ:RDFN), which marks the highest level since September 2022. On a year-over-year basis, February’s new listings were up 14.8%,...
Mortgage Rates Drop Again

Mortgage Rates Drop Again

by Phil Hall | Mar 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline. The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year ago at this time, it averaged 6.60%. The 15-year...
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