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HUD Issues Guidance for Artificial Intelligence’s Impact on the Fair Housing Act

HUD Issues Guidance for Artificial Intelligence’s Impact on the Fair Housing Act

by Phil Hall | May 2, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to areas where the use of artificial intelligence poses particular concern. HUD’s guidance focuses on the tenant screening...
William Raveis Acquires South Carolina’s Carson Realty

William Raveis Acquires South Carolina’s Carson Realty

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Shelton, Connecticut-based brokerage William Raveis has acquired Carson Realty, a family-owned real estate company serving the greater Hilton Head, Bluffton, and Lake Keowee areas of South Carolina since 2006. The financial terms of the deal were not disclosed....
Tech Trends: What’s New in Real Estate Tech?

Tech Trends: What’s New in Real Estate Tech?

by Phil Hall | May 2, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, WRE News Exclusive

In this edition of Tech Trends, we take a look at four of the latest products being offered to the real estate industry. In Search Of… Local Logic, a location insights provider for the real estate industry, has unveiled NeighborhoodMatch, a product designed to...
Lennar Opens Stoneriver Community in Suburban Raleigh

Lennar Opens Stoneriver Community in Suburban Raleigh

by Phil Hall | May 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar Corp. (NYSE:LEN) announced the opening of Stoneriver, its new master-planned community in the Raleigh suburb of Knightdale, North Carolina. According to the company, Stoneriver offers nine single-family home designs from the Cottage, Classic and...
Mortgage Rates Soar for Fifth Consecutive Week

Mortgage Rates Soar for Fifth Consecutive Week

by Phil Hall | May 2, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continues to soar in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of May 2, up from last week when it averaged 7.17%. A year ago at this time, it averaged 6.39%. The...
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