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San Francisco Mayor Declares ‘Rent Emergency’ to Mitigate Elevated Housing Costs

San Francisco Mayor Declares ‘Rent Emergency’ to Mitigate Elevated Housing Costs

by Phil Hall | Sep 10, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Francisco Mayor Daniel Lurie has declared a “rent emergency” for the city and unveiled six new ordinances designed to delay evictions, limit the level of rent increases forced upon residents, and increase funding for nonprofit lawyers who represent tenants in...
Did Mortgage Rates Top 7%? It Depends on Your Data Source

Did Mortgage Rates Top 7%? It Depends on Your Data Source

by Phil Hall | Sep 10, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three different data sources are reporting an increase in mortgage rates, with two of the sources insisting the 30-year fixed-rate mortgage topped 7% for the first time in over a year. Freddie Mac (OTCQB: FMCC) reported the 30-year fixed-rate mortgage averaged 6.76%...
National Luxury Housing Threshold Down During August

National Luxury Housing Threshold Down During August

by Phil Hall | Sep 10, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national entry point to luxury housing during August was $1.2 million, down by 4% from both July and August 2025, according to data from Realtor.com. August marked the 29th consecutive month of annual declines. Price thresholds declined across every luxury tier: a...
Lawsuits Filed Against 9-Person Team Behind Texas Deed Theft Ring

Lawsuits Filed Against 9-Person Team Behind Texas Deed Theft Ring

by Phil Hall | Sep 10, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

A nine-person Texas team that operated a series of fraudulent deed schemes has been hit with a pair of lawsuits filed by Harris County Attorney Abbie Kamin. The lawsuits detailed how the alleged fraudsters forged paperwork to acquire deeds to at least 10 homes and...
Report: Property Insurance Accounts for 9.6% of Average Mortgage Payment

Report: Property Insurance Accounts for 9.6% of Average Mortgage Payment

by Phil Hall | Sep 10, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property insurance accounts for 9.6% of the average monthly mortgage payment, according to the September Mortgage Monitor published by Intercontinental Exchange Inc. (NYSE: ICE). The average single-family mortgage holder now pays $209 per month for insurance, nearly...
Existing Home Sales Slowed in August Despite a Nearly 7-Year Inventory High

Existing Home Sales Slowed in August Despite a Nearly 7-Year Inventory High

by Phil Hall | Sep 10, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during August were down by 2.0% month-over-month and 1.2% year-over-year, according to data from the National Association of Realtors (NAR). Last month’s sales were at a seasonally adjusted annual rate of 3.98 million, which marked the first time...
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