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86% of Metro Areas Posted Home Price Gains in Q4 2023

86% of Metro Areas Posted Home Price Gains in Q4 2023

by Phil Hall | Feb 8, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The prices on single-family existing home sales during the fourth quarter of 2023 were up in 86% of the nation’s metro markets, according to new data from the National Association of Realtors (NAR), which noted that 15% of the 221 tracked metro areas experienced...
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023

MBA: Mortgage Delinquency Rate Inched Up in Q4 2023

by Phil Hall | Feb 8, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding during the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). The...
NAHB: Housing Affordability Remains Near Historic Low Level

NAHB: Housing Affordability Remains Near Historic Low Level

by Phil Hall | Feb 8, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elevated mortgage rates and increased construction costs coupled with onerous regulatory costs resulted housing affordability remaining near its lowest level in more than a decade during the fourth quarter of 2023, according to the National Association of Home...
Data Study Finds Blacks Only Own 10% of Homes While Whites Own 69%

Data Study Finds Blacks Only Own 10% of Homes While Whites Own 69%

by Phil Hall | Feb 6, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data study by LendingTree (NASDAQ:TREE) on racial disparities in homeownership has determined Black people make up an average of about 15% of the population across the nation’s 50 largest metros, but they only own an average of 10.15% of homes. In comparison,...
Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics

Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics

by Phil Hall | Feb 6, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-third (32%) of real estate agents had at least one client who moved in the last year out of unhappiness with local laws or politics, according to a survey commissioned by Redfin (NASDAQ:RDFN). The survey of 500 real estate agents from multiple U.S....
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