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Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new data published by LendingTree (NASDAQ:TREE). The average vacancy rate across the 50 largest U.S. metros is 7.22%....
Mortgage Applications Plunge to 27-Year Low

Mortgage Applications Plunge to 27-Year Low

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity continued to evaporate, according to data from the Mortgage Bankers Association (MBA) for the week ending Sept. 29. The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 6% on both a...
August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases

August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases

by Phil Hall | Oct 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices were up year-over-year for the 139th consecutive month in August, according to new data from CoreLogic. August’s annual 3.7% home price gain was the highest since last February, and home prices ended the month 42% higher compared to the beginning of the...
Fannie Mae in Data Partnership with Pulsenomics

Fannie Mae in Data Partnership with Pulsenomics

by Phil Hall | Oct 3, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fannie Mae (OTCQB: FNMA) has entered a partnership with Pulsenomics LLC, an independent research and consulting firm, to produce the quarterly Home Price Expectations Survey (HPES) beginning this month. The HPES polls over 100 housing experts across the industry and...
Onward Home Mortgage, a New Company, Begins Operations

Onward Home Mortgage, a New Company, Begins Operations

by Phil Hall | Oct 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new company called Onward Home Mortgage has been created through a joint venture between Newrez and Keller Williams Georgia Legacy Group. Onward Home Mortgage is headquartered in Roswell, Georgia and specializes in residential purchase mortgage lending. Their team...
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