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Pending Home Sales Activity Remains Unchanged

Pending Home Sales Activity Remains Unchanged

by Phil Hall | Dec 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR). NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings...
Boise Hunter Homes Acquires 80-Acre Parcel, Breaks Ground on Community Center

Boise Hunter Homes Acquires 80-Acre Parcel, Breaks Ground on Community Center

by Phil Hall | Dec 27, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Boise Hunter Homes, a family-owned and operated luxury homebuilder and developer in Idaho, has acquired an 80-acre fully entitled parcel in Eagle, Idaho from Williams Homes of Santa Clarita, California. The financial terms of the deal were not disclosed and a timeline...
Second Texas Lawsuit Filed Over Broker Commissions

Second Texas Lawsuit Filed Over Broker Commissions

by Phil Hall | Dec 26, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in a month, a lawsuit has been filed in Texas claiming the state’s real estate industry is engaged in a “conspiracy” related to broker commissions. The new putative class action lawsuit – Martin, et al., v. Texas Association of Realtors, Inc., et...
Case-Shiller: Home Prices ‘Accelerated’ in October

Case-Shiller: Home Prices ‘Accelerated’ in October

by Phil Hall | Dec 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices soared in the latest data S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which reported a 4.8% annual change in October, up from a 4% change in the previous month. The 10-City Composite showed an increase of 5.7%, up from a 4.8%...
Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

by Phil Hall | Dec 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15.5% of homes for sale in 2023 were affordable for the typical U.S. household, according to new data from Redfin (NASDAQ:RDFN). This presents a drop from 20.7 in 2022 for a new record low; prior to the pandemic, more than 40% of homes were affordable. Redfin...
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