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NASCAR’s Kyle Busch Lists North Carolina Mansion for $13 Million

NASCAR’s Kyle Busch Lists North Carolina Mansion for $13 Million

by Phil Hall | Jun 8, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kyle Busch has generated a NASCAR career full of triumphs, and now he is seeking to expand his winning streak to real estate with the listing of his Denver, North Carolina-based mansion for $12.99 million. Busch’s 1.38-acre lakefront property features a...
New Home Listings Down 25% From One Year Ago

New Home Listings Down 25% From One Year Ago

by Phil Hall | Jun 8, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings have become the housing market’s equivalent of an endangered species, as data report from Redfin (NASDAQ:RDFN) has determined new listings were down 25% year-over-year as of the four weeks ending June 4 – the lowest level of any early June on record....
Q1 Homeowners See First Annual Home Equity Losses Since 2012

Q1 Homeowners See First Annual Home Equity Losses Since 2012

by Phil Hall | Jun 8, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. homeowners with mortgages saw their home equity decline by 0.7% year-over-year during the first quarter of the year, according to new data from CoreLogic. This represented a collective loss of $108.4 billion and an average loss of $5,400 per borrower from one...
Wanted: 320,000 Affordable Homes for Middle-Income Buyers

Wanted: 320,000 Affordable Homes for Middle-Income Buyers

by Phil Hall | Jun 8, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Middle-income homebuyers can only afford less than one-quarter (23%) of properties currently being listed, according to new data from the National Association of Realtors (NAR). Working under the definition of a middle-income buyer as a household earning up to...
Guest Opinion: How the Fed Impacts the Housing Market

Guest Opinion: How the Fed Impacts the Housing Market

by Patrick T. Harker | Jun 7, 2023 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
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