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New Wildfire Breaks Out in Los Angeles County

New Wildfire Breaks Out in Los Angeles County

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

A new wildfire broke out in Los Angeles County last night, creating the region’s third active blaze. The Los Angeles Times reports the fire began shortly after 11:00 p.m. PST on Wednesday on the eastern side of the 405 Freeway in the Sepulveda Pass. Within two hours,...
Keller Williams’ Mark Willis Trades CEO Role for Chief Leadership Officer

Keller Williams’ Mark Willis Trades CEO Role for Chief Leadership Officer

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Austin-headquartered Keller Williams announced that Mark Willis is stepping down as president and CEO and will take on the newly created role of chief leadership officer. Willis served as president from 2002 to 2005 and as CEO from 2005 to 2015. He continued to own...
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
CFPB Announces Receipt of 10 Millionth Consumer Complaint

CFPB Announces Receipt of 10 Millionth Consumer Complaint

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced the receipt of its 10 millionth complaint from consumers against financial services companies. In an online video CFPB Director Rohit Chopra called the occasion a “big milestone” while stressing it meant more...
Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) announced the launch of Rocket.com as a platform designed to help homebuyers with their home search and financing needs. According to the company, Rocket.com will combine home search, financing and servicing needs...
American Real Estate Association Establishes First Local Chapter

American Real Estate Association Establishes First Local Chapter

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The American Real Estate Association (AREA) has announced it has integrated the New York Residential Agent Continuum (NYRAC) into its organization as its first local chapter. “This marks a major step forward in strengthening our mission to serve and support real...
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