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UK and EU Central Banks Keep Rates Unchanged

UK and EU Central Banks Keep Rates Unchanged

by Phil Hall | Dec 14, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The central banks for the U.K. and European Union mirrored the example of their American counterparts and kept their respective interest rates unchanged. The Bank of England maintained its 5.25% rate, which is a 15-year high. Andrew Bailey, governor of the Bank of...
Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round

Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round

by Phil Hall | Dec 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Stairs Financial, a start-up mortgage marketplace platform aimed at first-time buyers, has launched with a $3.5 million funding round. Stairs Financial was founded by Malcolm-Wiley Floyd and Scott Fritz, who met as roommates at Harvard. The platform is designed to...
Tech Trends: Don’t Ignore the Power of Video in 2024

Tech Trends: Don’t Ignore the Power of Video in 2024

by Tony Garritano | Dec 13, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, WRE News Exclusive

Tech Trends: As you plan your 2024 outreach strategy, don’t ignore video. Why? According to Brafton (https://www.brafton.com/) video marketing is powerful because it doesn’t take much effort for users to click and watch videos (especially if they’re short), meaning...
NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024

NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024

by Phil Hall | Dec 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
Federal Reserve Leaves Rates Unchanged

Federal Reserve Leaves Rates Unchanged

by Phil Hall | Dec 13, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve has opted to ring out 2023 by keeping rates unchanged. The central bank’s policy making Federal Open Market Committee voted unanimously to hold the federal funds rate in the range of 5.25% to 5.5%. In offering its decision, the Fed presented a...
Refinances Fuel Uptick in Mortgage Application Activity

Refinances Fuel Uptick in Mortgage Application Activity

by Phil Hall | Dec 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally adjusted basis from one week earlier while the unadjusted...
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