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Median Luxury Home Sale Price Reaches $1.31 Million

Median Luxury Home Sale Price Reaches $1.31 Million

by Phil Hall | Feb 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median luxury home sale price reached $1.31 million in December, a 4.6% year-over-year increase, according to a new report from Redfin. By comparison, non-luxury prices rose 1.4% over the same period to $375,000, marking the slowest growth in records dating back...
Q4 2025 Report: 44.6% of Mortgaged Homes Were Equity-Rich

Q4 2025 Report: 44.6% of Mortgaged Homes Were Equity-Rich

by Phil Hall | Feb 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 44.6% of mortgaged residential properties were considered equity-rich in the fourth quarter of 2025, according to a data report from ATTOM. This is down from 46.1% in the third quarter and further down from the recent peak of 49.2% in the second quarter of...
Homebuyers in 2025 Scored the Biggest Price Discounting in 13 Years

Homebuyers in 2025 Scored the Biggest Price Discounting in 13 Years

by Phil Hall | Feb 2, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer who acquired a home for below the list price in 2025 enjoyed a 7.9% discount on the purchase, the largest since 2012. According to data from Redfin, one in four homebuyers who snagged discounts came away with 10% or more off the list price....
Trump Sparks Backlash Over Affordable Homeownership Comments

Trump Sparks Backlash Over Affordable Homeownership Comments

by Phil Hall | Jan 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Trump generated a wave of mostly negative response from his comments during yesterday’s Cabinet meeting where he insisted on keeping home prices high and appeared to denigrate many first-time homebuyers as not being deserving of the American Dream. During...
Mortgage Rates Inch Up for Second Straight Week

Mortgage Rates Inch Up for Second Straight Week

by Phil Hall | Jan 29, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched up slightly for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.10% as of Jan. 29, up from last week when it averaged 6.09%. A year ago...
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