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Survey: Most Americans Prefer Communities With Larger Homes and Distant Amenities

Survey: Most Americans Prefer Communities With Larger Homes and Distant Amenities

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

Most Americans prefer having neighborhoods with larger houses and distant amenities rather than having smaller houses and more amenities in walking distance, according to a new survey from Pew Research Center. In a poll of 5,079 adults conducted last spring, 57% of...
Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year

Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year

by Phil Hall | Aug 4, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, according to new data from Redfin (NASDAQ:RDFN). This represents a 19% year-over-year spike, but it is also $32 less than the record-high payment level from early...
Active Listings Fall Below Pre-Pandemic Levels

Active Listings Fall Below Pre-Pandemic Levels

by Phil Hall | Aug 4, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Active listings of U.S. residential properties slowed in July for the fourth consecutive month in and fell below pre-pandemic levels for the first time since April 2022, according to new data from Realtor.com. Last month, the active housing inventory was 47.8% below...
Cher’s Former Miami Beach Mansion Listed at $42.5 Million

Cher’s Former Miami Beach Mansion Listed at $42.5 Million

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

The Miami Beach mansion that was once home to iconic singer-actress Cher has been listed for sale at $42.5 million. The 0.68-acre property in the La Gorce Island gated community features a 12,450-square-foot residence built in 1953. The Spanish-style residence has six...
Mortgage Rates Inch Closer to the 7% Mark

Mortgage Rates Inch Closer to the 7% Mark

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

The 30-year fixed-rate mortgage inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB:FMCC). According to the government-sponsored enterprise, the 30-year fixed-rate mortgage averaged 6.90% as of Aug. 3, up from last...
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