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Investors Bought 26% of Affordable Homes During Q4 2023

Investors Bought 26% of Affordable Homes During Q4 2023

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

Real estate investors bought more than one-quarter (26.1%) of lower-priced homes sold in the fourth quarter of 2023, according to new research from Redfin (NASDAQ:RDFN). This marked a new record high and an increase from the 24% share recorded one year earlier. By...
Mortgage Application Activity Down 2.3%

Mortgage Application Activity Down 2.3%

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

Fewer people were filling out mortgage applications last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 2.3% week-over-week on a seasonally adjusted...
Foreclosure Activity is On the Rise

Foreclosure Activity is On the Rise

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

A total of 33,270 residential properties carried foreclosure filings in January, according to new data from ATTOM. This marks a 10% increase from the prior month and a 5% increase from one year earlier. Lenders repossessed 3,954 residential properties through...
Homeowners Staying Longer in Their Houses

Homeowners Staying Longer in Their Houses

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

Prospective buyers in the market for an existing home are finding themselves in an environment where more homeowners are not eager to move out. The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago, according to new data from...
Florida and Texas Lead the Nation for Master-Planned Community Sales

Florida and Texas Lead the Nation for Master-Planned Community Sales

by Phil Hall | Feb 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The top-selling master-planned communities (MPCs) of 2023 were mostly concentrated in Florida and Texas, according to the newly published “Top 50 Master-Planned Communities of 2023” by John Burns Research and Consulting. The new report found Florida MPCs accounted for...
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