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Mortgage Application Payments Up 17.2% From Last Year

Mortgage Application Payments Up 17.2% From Last Year

by Phil Hall | Aug 24, 2023 | Uncategorized

The national median payment made by purchase loan applicants was $2,162 during July, according to the latest data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). July’s payment level was mostly unchanged from June but...
Zombie Property Levels in Slight Rise

Zombie Property Levels in Slight Rise

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

New data from ATTOM has determined there were roughly 1.3 million U.S. residential properties that are vacant, as of the third quarter of this year. That figure represents 1.3%, or one in 79 homes, across the nation, the same level as in the second quarter. ATTOM also...
Better Shares Sink in Trading Debut

Better Shares Sink in Trading Debut

by Phil Hall | Aug 24, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

At the risk of being flippant, the new public listing for the online mortgage lender Better (NASDAQ:BETR) might be a case of being in the right place at the wrong time. According to a Reuters report, Better’s shares sank this morning during its stock trading debut....
Service Restored for Northern California MLS Networks After Cyberattack

Service Restored for Northern California MLS Networks After Cyberattack

by Phil Hall | Aug 23, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 14,000 real estate agents, appraisers and related professionals in California’s North Bay and San Francisco markets are able to access online property listings again after a cyberattack paralyzed their multiple listing services. According to a report in the...
Newly Created SPAC Seeks Merger with Real Estate Company

Newly Created SPAC Seeks Merger with Real Estate Company

by Phil Hall | Aug 23, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

99 Acquisition Group Inc., a special purpose acquisition company (SPAC) seeking a merger with a real estate industry company, has closed its initial public offering (IPO) of 7.5 million units at $10.00 per unit. The units are listed on Nasdaq Global Market and are now...
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