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MBA: Mortgage Application Activity Up Slightly

MBA: Mortgage Application Activity Up Slightly

by Phil Hall | Jul 12, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the Mortgage Bankers Association (MBA) recorded an uptick in mortgage application activity for the week ending July 7. The Market Composite Index, a measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis from...
Zillow: Home Values at New Record High

Zillow: Home Values at New Record High

by Phil Hall | Jul 12, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home value rose above the $350,000 mark for the first time in June, according to new data from Zillow (NASDAQ:Z, ZG). Last month, the typical home value reached $350,213, up 1.4% from and almost 1% higher than the level set in June 2022. Home values...
The Best and Worst Cities for Rental Housing Are…

The Best and Worst Cities for Rental Housing Are…

by Phil Hall | Jul 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing residents of Overland Park, Kansas, may want to borrow a line from the state’s most famous big screen character and chant “There’s no place like home” – their city was named the best for renters in a new data study by WalletHub. In the study, WalletHub...
Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying

Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying

by Phil Hall | Jul 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The absence of housing inventory was the most significant factor that prevented potential buyers from making home purchases in 2022, according to a new survey by the National Association of Realtors (NAR) of its membership. Roughly one-third (32%) of realtors cited...
CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years

CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years

by Phil Hall | Jul 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The annual U.S. single-family home price growth slowed for the 12th straight month in May, according to new data from CoreLogic. However, which the growth rate only represented a 1.4% increase year-over-year – the lowest rate in 11 years – it also affirmed the 136th...
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