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China is Top Country with Buyers Searching for Miami Real Estate

China is Top Country with Buyers Searching for Miami Real Estate

by Phil Hall | May 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to new data from the Miami Association of Realtors, Chinese buyers generated the most global web searches for Miami-based residential properties during April. China accounted for 9.44% of all international searches on MiamiRealtors.com last month, a...
More New Single-Family Homes Being Sold, But They Are Also Smaller

More New Single-Family Homes Being Sold, But They Are Also Smaller

by Phil Hall | May 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single‐family houses in April were at a seasonally adjusted annual rate of 683,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised March rate of 656,000 and 11.8%...
There Are Only Four Major Metros Where it is Cheaper to Buy a Home Than Rent

There Are Only Four Major Metros Where it is Cheaper to Buy a Home Than Rent

by Phil Hall | May 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There are only four major U.S. metropolitan areas where it would be cheaper to buy a residence than rent the typical home, according to data from Redfin (NASDAQ:RDFN). In Detroit, the typical home is 24% less expensive to buy than rent – the median estimated monthly...
Rocket Mortgage Unveils 1% Down Payment Program

Rocket Mortgage Unveils 1% Down Payment Program

by Phil Hall | May 22, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage, the retail home lender division of Rocket Cos. (NYSE: RKT), has introduced ONE+, a 1% down home loan program designed to expand access homeownership for low- and moderate-income households. According to the Detroit-headquartered company, the new...
Median US Home Price Dips to $371K

Median US Home Price Dips to $371K

by Phil Hall | May 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home price was $371,875 at the conclusion of the four-week period ending May 14, according to data from Redfin (NASDAQ:RDFN). That represents a 2.7% drop, the smallest decline in over a month. The median asking price of newly listed homes was $398,429,...
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