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New Single-Family Home Sales Up Nearly 34% Year-Over-Year

New Single-Family Home Sales Up Nearly 34% Year-Over-Year

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although mortgage rates are climbing to a vertigo-inducing 8% level and home prices remain at historic highs, Americans are out buying new single-family houses with gusto. According to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban...
‘Family Guy’ Takes Aim at Reverse Mortgages

‘Family Guy’ Takes Aim at Reverse Mortgages

by Phil Hall | Oct 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The long-running animated television series “Family Guy” had fun with reverse mortgages in general and the American Advisors Group advertisements featuring Tom Selleck in particular on its latest episode that aired Sunday night on Fox. In the episode, the perennially...
Federal Regulators Prepping Update to CRA

Federal Regulators Prepping Update to CRA

by Phil Hall | Oct 24, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The federal banking regulators are completing an update to a Carter administration-era legislation designed to erase redlining and secure more lending in lower-income neighborhoods by banks. The Federal Reserve voted six to one today to complete the updating of the...
Study: Home Down Payment Averages Nearly $85,000

Study: Home Down Payment Averages Nearly $85,000

by Phil Hall | Oct 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree (NASDAQ:TREE). This sum is slightly lower than the average of $84,983 recorded one year earlier. LendingTree noted that none of the 50 largest...
Justice Dept. Reportedly Planning Antitrust Suit Against NAR Despite Court Order

Justice Dept. Reportedly Planning Antitrust Suit Against NAR Despite Court Order

by Phil Hall | Oct 24, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

As the National Association of Realtors (NAR) is in the legal spotlight with an ongoing class-action lawsuit in Kansas City, the U.S. Department of Justice (DOJ) is reportedly preparing to pursue a federal antitrust suit despite being under a court order to abide by a...
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