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Mortgage Rates Still Hovering Near the 7% Level

Mortgage Rates Still Hovering Near the 7% Level

by Phil Hall | Apr 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) found rates stuck near the 7% level. The 30-year fixed-rate mortgage averaged 6.82% as of April 4, up from last week when it averaged 6.79%. A year ago at this time, it averaged 6.28%....
Northeast and Midwest Lead the Nation with Highest Property Taxes

Northeast and Midwest Lead the Nation with Highest Property Taxes

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property taxes levied on U.S. single-family homes totaled $363.3 billion in 2023, up 6.9% from $339.8 billion in 2022. According to data from ATTOM, the increase was almost double the 3.6% growth rate in 2022 and was the largest in the past five years. ATTOM also...
Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage

Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage

by Phil Hall | Apr 4, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

In an extraordinary blurring of the lines separating an independent and objective financial service media and the industry it covers, a startup news site owned and operated by a hedge fund has partnered with a law firm to put forth a proposed consumer class action...
Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum

Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The New York City-headquartered real estate brokerage Compass (NYSE: COMP) is expanding into the Gulf South markets with its acquisition of the New Orleans-headquartered brokerage Latter & Blum. Latter & Blum was founded in 1916 and is led by Chairman Robert...
Discount Retailer 99 Cents Only Store Mulling Bankruptcy

Discount Retailer 99 Cents Only Store Mulling Bankruptcy

by Phil Hall | Apr 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retail chain 99 Cents Only Store LLC is considering a bankruptcy filing. According to a Bloomberg report, the company has been unable to offload assets and is weighing either bankruptcy, debt restructuring or an out-of-court agreement. The company is in...
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