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RE/MAX and CCIM Institute in New Partnership

RE/MAX and CCIM Institute in New Partnership

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

RE/MAX Holdings (NYSE:RMAX) has entered into a new partnership with the CCIM Institute, a provider of commercial real estate education. Under this partnership, RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the...
Zillow: Half of All Homebuyers Are First-Timers

Zillow: Half of All Homebuyers Are First-Timers

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

A new data report from Zillow (NASDAQ:Z, ZG) has determined that half of all homebuyers are purchasing their first home, the highest share that the company has recorded. This 50% share is up from 45% in 2022 and 37% in 2021. Nearly half of first-time buyers are...
MBA: Purchase Loan Applications at 28-Year Low

MBA: Purchase Loan Applications at 28-Year Low

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

Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
Foreclosure Inventory Hits 15-Month Low

Foreclosure Inventory Hits 15-Month Low

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

The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives

FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives

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

The Federal Home Loan Bank of New York (FHLBNY) has awarded $41.98 million in subsidies to fund 42 affordable housing initiatives. The projects being funded are located in New York, New Jersey, Connecticut, Pennsylvania, Florida, Texas, California, Puerto Rico and the...
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