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New Home Sales Plunged 10.5% in July

New Home Sales Plunged 10.5% in July

by Phil Hall | Aug 25, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in July were at a seasonally adjusted annual rate of 607,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 10.5% below the June rate of 678,000 and is 6.3% below the...
New Data Reports Highlight Continued Home Price Acceleration

New Data Reports Highlight Continued Home Price Acceleration

by Phil Hall | Aug 25, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have affirmed the continuation of year-over-year home price acceleration. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.5% annual gain in June, up from a 1.2% rise in the previous month. The 10-City Composite...
Home Purchase Cancellations at Highest Level in Nearly 3 Years

Home Purchase Cancellations at Highest Level in Nearly 3 Years

by Phil Hall | Aug 21, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin has found 14% of home sale agreements that went under contract in July were cancelled, up 13.7% from June. Last month’s cancellations marked the highest share in nearly three years on a seasonally adjusted basis. Redfin noted the deals...
Mortgage Rates Down for Second Straight Week

Mortgage Rates Down for Second Straight Week

by Phil Hall | Aug 20, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates declined for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. A year ago at...
Q2 Share of Equity-Rich Homes Near 5-Year Low

Q2 Share of Equity-Rich Homes Near 5-Year Low

by Phil Hall | Aug 20, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM has determined that 41.1% of mortgaged residential properties in the second quarter were equity-rich, down from 43.3% in the first quarter and from 47.4% in the second quarter of 2025. After four straight quarters of decline, the national...
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