Foreclosure Filings Up 14% From One Year Ago
A total of 35,196 U.S. properties carried foreclosure filings in May, according to new data from ATTOM. This represents a 7% increase from April and a 14% spike from May 2022. Nationwide, one in every 3,967 housing units had a foreclosure filing last month. The states...
Feds Seek Input on Proposed Guidance on Real Estate Reconsiderations of Value
Five federal regulatory agencies have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. “The proposed guidance advises on policies that financial institutions may implement to allow...
When You Need a Six-Digit Salary to Avoid Being Rent Burdened
The average renter in 11 major U.S. markets needs to earn a six-figure annual salary in order to avoid being considered as rent burdened. Consumers are considered rent-burdened if they spend 30% or more of their incomes on rent. To avoid being rent-burdened, the...
NASCAR’s Kyle Busch Lists North Carolina Mansion for $13 Million
Kyle Busch has generated a NASCAR career full of triumphs, and now he is seeking to expand his winning streak to real estate with the listing of his Denver, North Carolina-based mansion for $12.99 million. Busch’s 1.38-acre lakefront property features a...
New Home Listings Down 25% From One Year Ago
New listings have become the housing market’s equivalent of an endangered species, as data report from Redfin (NASDAQ:RDFN) has determined new listings were down 25% year-over-year as of the four weeks ending June 4 – the lowest level of any early June on record....
Exclusive WRE Articles
- Alec Hanson promoted to CMO at loanDepot
Why education is set to be doubly important for agents in 2023
#realestate
https://wrenews.com/?p=23450
Three things government could do to support the housing market now
#realestate
https://wrenews.com/?p=23455
How to shop for and compare mortgage offers
#realestate
https://wrenews.com/?p=23445