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Median Rents Down for Sixth Straight Month

Median Rents Down for Sixth Straight Month

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

Median rents in January were down for the sixth consecutive month, with year-over-year prices dropping by 0.3%, according to the latest Realtor.com Rental Report. Last month, the median asking rent for 0-2 bedroom units in the 50 largest metros declined to $1,712,...
The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

by Phil Hall | Feb 21, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The house where Jeff Bezos launched Amazon has been acquired. According to Mansion Global, the 1,540-square-foot residence at 10704 NE 28th Street in the Seattle suburb of Bellevue, Washington, as listed last month at $2.29 million and is now being identified as a...
Mortgage Application Activity Goes Kerplop

Mortgage Application Activity Goes Kerplop

by Phil Hall | Feb 21, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity plummeted in the latest data report from the Mortgage Bankers Association (MBA). For the week ending Feb. 16, the MBA’s Market Composite Index dropped by 10.6% on a seasonally adjusted basis from one week earlier; the...
The State with the Highest Property Tax Is…

The State with the Highest Property Tax Is…

by Phil Hall | Feb 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey is nicknamed the Garden State, but according to a new data study it could also be dubbed the Property Tax State. WalletHub published its 2024 ranking of the states with the highest and lowest property taxes, with New Jersey leading the nation with a 2.33%...
Mortgage Start-Up Tomo Debuts AI-Driven Real Estate Portal

Mortgage Start-Up Tomo Debuts AI-Driven Real Estate Portal

by Phil Hall | Feb 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tomo, a Stamford, Connecticut-based mortgage startup founded by two former Zillow (NASDAQ:Z, ZG) executives, launched its real estate portal Tomo Real Estate. According to the company, Tomo Real Estate was built on an artificial intelligence (AI) platform that...
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