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Pending Home Sales Inched Up Slightly in June

Pending Home Sales Inched Up Slightly in June

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

Pending home sales recorded a mild 0.3% uptick from May to June, according to new data from the National Association Realtors (NAR). This marked the first month-over-month increase since February. However, on a year-over-year measurement, pending transactions were...
Nearly Half of US Homes in Q2 Were Equity-Rich

Nearly Half of US Homes in Q2 Were Equity-Rich

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

Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
Guest Opinion: The Toxic Nature of Contracts for Deed

Guest Opinion: The Toxic Nature of Contracts for Deed

by Elizabeth Goodell | Jul 26, 2023 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

This article is adapted from written testimony presented before a recent hearing of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development. I am a lawyer who supervises a practice group at Mid-Minnesota Legal Aid in Minneapolis. My practice...
Indiana Metros Reign in the Latest Emerging Housing Markets Index

Indiana Metros Reign in the Latest Emerging Housing Markets Index

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

Lafayette, Indiana, held the top spot in the latest Wall Street Journal/Realtor.com Emerging Housing Markets Index. The newly-released second quarter results were a triumph for Midwest markets that occupied the top 10 rankings, with Indiana occupying the top three...
San Francisco Leads the Nation in Declining Luxury Home Sales

San Francisco Leads the Nation in Declining Luxury Home Sales

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

There is more unpleasant real estate news from San Francisco – according to Redfin (NASDAQ:RDFN), luxury home prices in San Francisco are falling faster than anywhere else in the nation. The median sale price of luxury homes in San Francisco plummeted by 12.7%...
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