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Salt Lake City is the Most Popular Metro with Gen Z Homebuyers

Salt Lake City is the Most Popular Metro with Gen Z Homebuyers

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

Although the Gen Z demographic of adults between 18 and 25 only accounts for an average of 14.91% of potential homebuyers in the nation’s 50 largest metros, there are some markets where these youthful house hunters are on the prowl and others where they are at...
One-Third of Homebuyers Now Paying in All-Cash Deals

One-Third of Homebuyers Now Paying in All-Cash Deals

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

Now, here is some news that will not sit well with our mortgage banking friends: new data from Redfin (NASDAQ:RDFN) has determined one-third (33.4%) of U.S. home purchases in April were all-cash transactions, up 30.7% one year earlier and the highest share in nine...
Mortgage Application Activity Down for Fourth Consecutive Week

Mortgage Application Activity Down for Fourth Consecutive Week

by Phil Hall | Jun 7, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace

CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace

by Phil Hall | Jun 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family home price growth rose by 2% year-over-year in April, according to new data from CoreLogic. This marked the 135th consecutive month of annual growth but the sixth straight month of single-digit gains. On a month-over-month basis, home prices increased by...
Survey: 43% of Americans No Longer Sure If or When They Will Buy a Home

Survey: 43% of Americans No Longer Sure If or When They Will Buy a Home

by Phil Hall | Jun 5, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest BMO Real Financial Progress Index is predicting this year will not have a Summer of Love when it comes to homebuying. The new index report polled 2,500 American adults and found only 6% of respondents who are planning a home purchase in the near future will...
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