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Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households

Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households

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

The gap between the share of Black and White households in rental properties that could comfortably afford a mortgage payment narrowed during the pandemic, according to new data from Zillow (NASDAQ:Z, ZG). Zillow cited American Community Survey statistics from 2022...
Single-Family Home Sales Up in Florida

Single-Family Home Sales Up in Florida

by Phil Hall | Feb 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of single-family homes in Florida totaled 14,851 in January, up 0.6% year-over-year, while existing condo-townhouse sales totaled 6,008, down 1.2% from last year, according to data from the Florida Realtors Research Department. During January, Florida’s...
Fewer Listings, Fewer Home Sales in New York State

Fewer Listings, Fewer Home Sales in New York State

by Phil Hall | Feb 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The inventory of homes for sale across New York State shrank by 10.2% in January from 39,544 homes available in 2023 to 35,492 units on the market in 2024, according to new data from the New York State Association of Realtors. This marked the 11th consecutive month...
Mortgage Rates Creep Up to the 7% Level

Mortgage Rates Creep Up to the 7% Level

by Phil Hall | Feb 22, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates shot up to the border of the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. A year ago at this...
Existing Home Sales Up in January

Existing Home Sales Up in January

by Phil Hall | Feb 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market began 2024 with an uptick in existing home sales, according to data from the National Association of Realtors (NAR). Total existing home sales were up by 3.1% from December to a seasonally adjusted annual rate of 4 million in January....
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