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Are Housing Inventory Levels on the Rise?

Are Housing Inventory Levels on the Rise?

by Phil Hall | Jan 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s 50 largest metro areas record year-over-year increases with their housing inventory levels last month, according to new data from Realtor.com. During December, there was a 9.1% uptick in the number of more newly listed homes compared one...
Mortgage Credit Availability Down in December to 11-Year Low

Mortgage Credit Availability Down in December to 11-Year Low

by Phil Hall | Jan 9, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability decreased in December, according to new data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 4.6% last month to 92.1 – the index was benchmarked at 100 in March...
$32 Million Property Sale Breaks Record in Tennessee

$32 Million Property Sale Breaks Record in Tennessee

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

The Tennessee housing market had a record-breaking transaction with the $32 million residential property sale. The 50-acre property located in Belle Meade, a Nashville suburb, features a 19,811-square-foot mansion with five bedrooms and 10 bathrooms. According to the...
Are More Consumers Becoming Optimistic About Homebuying?

Are More Consumers Becoming Optimistic About Homebuying?

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

The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) closed 2023 on the upswing with a 2.9-point rise in December to 67.2. The year-end increase was attributed to a spike in the number of consumers expecting mortgage rates to go down over the next 12...
Toll Brothers Begins Construction on Texas Community

Toll Brothers Begins Construction on Texas Community

by Phil Hall | Jan 5, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Inc. (NYSE:TOL) has announced the start of construction on its latest single-family home community, Toll Brothers at Pomona – Orchard Collection, in the Pomona master plan in Manvel, Texas. The new community is located in a gated section of the master...
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