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California Home of Monkee Michael Nesmith Sells for $3.25 Million

California Home of Monkee Michael Nesmith Sells for $3.25 Million

by Phil Hall | Jan 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Carmel Valley, California-based residence of Monkees singer-songwriter Michael Nesmith was sold for $3.25 million after 17 days on the market. Realtor.com reported the three-bedroom, 3.5-bath home was listed in late November for $3.5 million. The 3,365-square-foot...
Mortgage Application Volume Up Nearly 10%

Mortgage Application Volume Up Nearly 10%

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The new year began on a positive note for the mortgage space, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, jumped by 9.9% on a seasonally...
HUD Awards $40 Million to Housing Counseling Services

HUD Awards $40 Million to Housing Counseling Services

by Phil Hall | Jan 10, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced that its Office of Housing Counseling is allocating $40.25 million in grant funding to support housing counseling services for homebuyers, homeowners, and renters. Through the 2023 Office of Housing...
Guaranteed Rate Debuts RateReduce Sell Program

Guaranteed Rate Debuts RateReduce Sell Program

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
Mike Weinbach to Become President at Mr. Cooper Group

Mike Weinbach to Become President at Mr. Cooper Group

by Phil Hall | Jan 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has named Mike Weinbach as its next president, effective Feb. 1. He will succeed Chris Marshall, who also serves as vice chairman and who plans to retire at the end of the year. Weinbach is CEO of consumer lending for...
Lennar to Open New Community in Raleigh Suburb

Lennar to Open New Community in Raleigh Suburb

by Phil Hall | Jan 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar announced it will be opening a community in the Raleigh suburb of Smithfield, North Carolina. Franklin Townes will offer a pair of two-story townhome designs spanning 1,437 to 1,581 square feet, with three bedrooms and two-and-a-half baths. The...
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