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New York State Home Sales Down for 26th Consecutive Month

New York State Home Sales Down for 26th Consecutive Month

by Phil Hall | Nov 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State experienced another rocky month of real estate transactions, according to new data from the New York State Association of Realtors (NYSAR). The year-over-year activity for closed sales across the state were down for the 26th consecutive month,...
Mortgage Application Activity at Highest Level in Six Weeks

Mortgage Application Activity at Highest Level in Six Weeks

by Phil Hall | Nov 22, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The mortgage market is heading into the Thanksgiving holiday weekend on the upswing, according to new data from the Mortgage Bankers Association (MBA) tracking the week ending Nov. 17. The Market Composite Index, the trade group’s measure of mortgage loan application...

NY Fed: Mortgage Rejection Rates Down Year-Over-Year

by Phil Hall | Nov 20, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Year-over-year rejection rates declined for new mortgage applications last month, according to new data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations Credit Access Survey, which attributed the downturn as a likely reflection on the...
The Most Expensive Listing Just Got Discounted – to $195 Million

The Most Expensive Listing Just Got Discounted – to $195 Million

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The most expensive residential real estate listing just had its price slashed after five months on the market. According to a Barron’s report, the Bel Air, California-based Casa Encantada, which was listed for a record-high of $250 million in June, was...
RE/MAX: Home Sales Down While Inventory Grows

RE/MAX: Home Sales Down While Inventory Grows

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

October’s home sales were down 4.6% from September and down 8.7% from one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). Last month’s median sales price of $410,000 held steady from the prior month and was 2.8% above the October 2022 level. Homes sold...
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