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ATTOM: October’s Foreclosure Filings Up 6% from Last Year

ATTOM: October’s Foreclosure Filings Up 6% from Last Year

by Phil Hall | Nov 14, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 34,472 properties were burdened with foreclosure filings during October, according to new data from ATTOM. This is a 6% decline from the previous month but also a 6% increase from one year earlier. ATTOM determined that one in every 4,051 housing units had...
More Than One-Third of Homebuyers Received Concessions from Sellers

More Than One-Third of Homebuyers Received Concessions from Sellers

by Phil Hall | Nov 14, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than one-third of homebuyers (35%) received concessions from sellers during the three-month period ending Oct. 31, according to a new data report from Redfin (NASDAQ:RDFN). While that is roughly equal from the 35.9% share recorded one year ago, it is also up from...
William Ryan Homes to Open Model Homes in Four DFW-Area Communities

William Ryan Homes to Open Model Homes in Four DFW-Area Communities

by Phil Hall | Nov 14, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

William Ryan Homes, a Chicago-based homebuilder, announced it is opening model homes in four of its Dallas-Fort Worth area communities. West Crossing in Anna, Creekside in Royse City and Preserve at Pecan Creek in Denton are opening this week and Devonshire in Forney...
NAR: The Average Homebuyer Has a Six-Digit Household Income

NAR: The Average Homebuyer Has a Six-Digit Household Income

by Phil Hall | Nov 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s average homebuyer has a six-digit household income, according to new data released by the National Association of Realtors (NAR). In a survey of roughly 6,800 buyers involved in real estate transactions between July 2022 and June 2023, NAR determined the...
Housing Affordability Index Crashes to Record Low

Housing Affordability Index Crashes to Record Low

by Phil Hall | Nov 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
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