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Mortgage Rates Drop Below 7%

Mortgage Rates Drop Below 7%

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates dropped below the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23, down from last week when it averaged 7.04%. A year ago at this time, it...
CFPB’s Chopra: ‘Ready to Hand Off the Baton’ if Trump Fires Him

CFPB’s Chopra: ‘Ready to Hand Off the Baton’ if Trump Fires Him

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Rohit Chopra, is ready to depart from his job as the director of the Consumer Financial Protection Bureau (CFPB) – but as of this writing, the Biden-appointed regulator is still at work because President Trump has not named a new director for the agency. In an...
Home Selling Profits Down in 2024 Despite Price Gains

Home Selling Profits Down in 2024 Despite Price Gains

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
Georgia MLS in Data Access Partnership with 12 Local MLSs

Georgia MLS in Data Access Partnership with 12 Local MLSs

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Georgia MLS has teamed with has united with 12 local MLSs in the state to expand listing data accessibility. According to the organizations, the new partnership connects more than 55,000 agents to the largest inventory of properties in the state under one shared...
Miami’s OnePath Realty Joins eXp Network

Miami’s OnePath Realty Joins eXp Network

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), has welcomed Abel Gilbert, leader of the Miami-based OnePath Realty independent brokerage, to its global network. OnePath Realty encompasses 102 agents, eight staff members, and $1.77 billion in...
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