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FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration

FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Sandra Thompson will resign on Jan. 19, one day before President-elect Donald Trump will be sworn into office. Bloomberg first reported Thompson’s decision to step down from the FHFA leadership; the agency has not issued...
Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed

Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The confirmed death toll from the Los Angeles wildfires to 10 people as the five simultaneous blazes destroyed more than 10,000 structures, including 9,000 homes. According to combined media reports, Los Angeles County Sheriff Robert Luna is expecting more deaths to...
Mortgage Rates Inch Closer to 7% Level

Mortgage Rates Inch Closer to 7% Level

by Phil Hall | Jan 9, 2025 | Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates came closer to the 7% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.93% as of Jan. 9, up from last week when it averaged 6.91%. A year ago at this time, it averaged...
New Study Details Artificial Intelligence Practices in the Real Estate Sector

New Study Details Artificial Intelligence Practices in the Real Estate Sector

by Phil Hall | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Ferguson Partners, the Chicago-based talent management and strategic advisory firm for the real estate sector, announced the results of its first Artificial Intelligence (AI) Pulse Survey, a national study on the adoption, application, and evolution of AI practices...
Survey: Half of Retirees Worry They’ll Outlive Their Savings

Survey: Half of Retirees Worry They’ll Outlive Their Savings

by Phil Hall | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new survey from Clever Real Estate has found nearly half of retirees (43%) have not saved for a comfortable retirement, with over one-quarter (27%) admitting they have no retirement savings at all and almost two in three (63%) believe the nation is in a retirement...
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