U.S. Housing Market Updates
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New Single-Family Home Sales Up in November
The median sales price of new houses sold in November was $402,600 while the average sales price was $484,800. Continue Reading New Single-Family Home Sales Up in November
Home Sales in Virginia Up 13% Year-Over-Year
The median sales price in Virginia last month was $415,000, up $30,000 from November 2023. Continue Reading Home Sales in Virginia Up 13% Year-Over-Year
Single-Family Housing Starts Up 6.4%
Privately-owned housing starts were down 1.8% from October. Continue Reading Single-Family Housing Starts Up 6.4%
Builder Confidence Holds Steady
The component measuring sales expectations in the next six months rose to its highest level since April 2022. Continue Reading Builder Confidence Holds Steady
‘The View’ Slams New Real Estate Platform That Identifies How Prospective Neighbors Voted
Ana Navarro brought a Trump reference into the talk by declaring, “Well I would avoid Palm Beach for the moment, if I were you.” Continue Reading ‘The View’ Slams New Real Estate Platform That Identifies How Prospective Neighbors Voted
Home Builders Group Congratulates Trump on Election
The NAHB had been repeatedly critical of Biden-Harris administration policies. Continue Reading Home Builders Group Congratulates Trump on Election
Mortgage Application Activity Down for Sixth Straight Week
The average loan size on a refinance application dropped below $300,000. Continue Reading Mortgage Application Activity Down for Sixth Straight Week
Report: Trump Critic Mark Cuban Owns Condo in NYC Trump Hotel
Cuban’s condo has four bedrooms, six bathrooms, a private library and sweeping views of Central Park. Continue Reading Report: Trump Critic Mark Cuban Owns Condo in NYC Trump Hotel
Report: Renter Households Growing at Record Pace
The median asking rent was up 0.6% year-over-year in September. Continue Reading Report: Renter Households Growing at Record Pace
Report: Housing Affordability a Top Concern Among 2 in 5 Early Voters
The leading concern for early voters was the economy (63%), followed by inflation (59%), and protecting democracy (56%). Continue Reading Report: Housing Affordability a Top Concern Among 2 in 5 Early Voters
NAR: Number of First-Time Homebuyers at Historic Low
At the same time, homebuyers’ ages hit all-time highs of 56 years overall in 2024. Continue Reading NAR: Number of First-Time Homebuyers at Historic Low
Bainbridge Companies to Build New Multifamily Community in Charlotte
The new community is slated to open by the autumn of 2025. Continue Reading Bainbridge Companies to Build New Multifamily Community in Charlotte
Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. Continue Reading Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Former Home of Gambino Crime Family Boss Listed for $18 Million
The property last changed hands in 2000 for $3.1 million. Continue Reading Former Home of Gambino Crime Family Boss Listed for $18 Million
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
