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Yardi Teams with SentiLink on Property Application Fraud Initiative

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The real estate software provider Yardi has partnered with the identity verification and fraud detection vendor SentiLink on a new collaboration to help residential property managers detect applications with fake or manipulated credit profiles, including those...
Mortgage Rates Inch Lower

Mortgage Rates Inch Lower

by Phil Hall | Feb 20, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to trend down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20, down from last week when it averaged 6.87%. A year ago at this time, it averaged...
Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market

Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.4 million residential properties were vacant in the first quarter of this year, according to new data from ATTOM. This represents 1.3% of the homes across the nation – the same as in the fourth quarter of last year and up slightly from one year ago. ATTOM...
Zillow: 62% of Black Buyers Purchased Their First Home in 2024

Zillow: 62% of Black Buyers Purchased Their First Home in 2024

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data study from Zillow (NASDAQ: Z, ZG) found 62% of Black homebuyers purchased their first home in 2024, just slightly below the record 63% level in 2023. In comparison, overall, first-time buyers made up just 44% of the market, down from 50% in 2023. Zillow...
RE/MAX: New Listings and Inventory Up in January

RE/MAX: New Listings and Inventory Up in January

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

January saw a month-over-month spike in new listings, up 53.7% over December, although on a year-over-year measurement the level was down by a scant 0.1%, according to the latest national housing report from RE/MAX Holdings (NYSE: RMAX). Inventory last month was up 5%...
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