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Home Sales and New Listings Drop in February for Greater Toronto Area

Home Sales and New Listings Drop in February for Greater Toronto Area

by Rick Grant | Mar 3, 2023 | International Real Estate News, WRE News Exclusive

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022, according to the Toronto Regional Real Estate Board. However, the number of new listings also dropped substantially year-over-year. The result was...
Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

by Rick Grant | Mar 3, 2023 | Industry Updates, Mortgage Information, News/Current Events, WRE News Exclusive

New York Community Bancorp, Inc. announced that its subsidiary, Flagstar Bank, N.A., has donated $1 million to the Appraiser Diversity Initiative (ADI), a collaboration between the Appraisal Institute, the National Urban League, Fannie Mae, and Freddie Mac. The...
Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’

Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’

by Rick Grant | Mar 2, 2023 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

Better Mortgage announced the launch of the Equity Unlocker program, a new financial product designed for those with vested equity in their employer, like many employees in the tech space. Amazon employees will be the first to have access to the Equity Unlocker, which...
Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years

Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years

by Rick Grant | Mar 2, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

ATTOM, a curator of land, property, and real estate data released its fourth-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the fourth...
Economist and Housing panel expects home prices will grow at a steady pace starting in 2024

Economist and Housing panel expects home prices will grow at a steady pace starting in 2024

by Rick Grant | Mar 2, 2023 | Industry Updates, News/Current Events, U.S. Housing Market, WRE News Exclusive

Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales...
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