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CoreLogic: Home Prices Up 4.5% in September

CoreLogic: Home Prices Up 4.5% in September

by Phil Hall | Nov 7, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family home prices rose recorded a 4.5% year-over-year in September, the largest annual gain since February, according to new data from CoreLogic. The Northeast led the country with the strongest appreciation level, with Maine experiencing a 10.1% annual...
Nearly 7% of Homes for Sale Posted a Price Drop

Nearly 7% of Homes for Sale Posted a Price Drop

by Phil Hall | Nov 3, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 7% of U.S. homes listed for sale posted a price drop during the four weeks ending Oct. 29, on average, according to new data from Redfin (NASDAQ:RDFN). This percentage is the highest on record, and Redfin attributed this to elevated mortgage rates, which has...
Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Nov 2, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
Nearly One-Third of Q3 Homes for Sale Were New Construction

Nearly One-Third of Q3 Homes for Sale Were New Construction

by Phil Hall | Nov 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-third of single-family homes for sale during the third quarter were new construction, according to data published by Redfin (NASDAQ:RDFN). The 30.6% share is the highest of any third quarter on record. This is up from 28.9% one year ago and 25% two years...
MBA: Purchase Loan Applications at Lowest Level Since 1995

MBA: Purchase Loan Applications at Lowest Level Since 1995

by Phil Hall | Nov 1, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was down for the third consecutive week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 2.1% on a seasonally...
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