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Affordable Homeownership in California Remains at Historic Low

Affordable Homeownership in California Remains at Historic Low

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California households during the fourth quarter of 2023 were able to afford the state’s $833,170 median-priced home, according to new data from the California Association of Realtors (CAR). This was unchanged from the third quarter 2023 (when the...
Start-up Charity Road Seeks to Create Street Naming Auctions for Nonprofit Fundraising

Start-up Charity Road Seeks to Create Street Naming Auctions for Nonprofit Fundraising

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

What goes into naming a street? A start-up organization called Charity Road is seeking to create auctions that would monetize new street names, with the raised funds going to help nonprofits addressing food insecurity. The first Charity Road auction is providing...
Mortgage Credit Availability Inched Up in January

Mortgage Credit Availability Inched Up in January

by Phil Hall | Feb 9, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability recorded a mild uptick during January, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) recorded a 0.7% uptick last month to a 92.7 reading; the index was benchmarked to...
Applications Now Open for NAR’s 2024 Good Neighbor Awards

Applications Now Open for NAR’s 2024 Good Neighbor Awards

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is now accepting applications for its 2024 Good Neighbor Awards. Now in its 25th year, the Good Neighbor Awards are presented as “honoring NAR members who exemplify dedication to volunteer service and make significant impacts...
CFPB Settles Enforcement Suit Filed 10 Years Ago

CFPB Settles Enforcement Suit Filed 10 Years Ago

by Phil Hall | Feb 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024

New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024

by Phil Hall | Feb 8, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area is expected to generate 77,000 homes sales during 2024, according to a new forecast from the Toronto Regional Real Estate Board (TRREB). The average selling price for all home types in the GTA market will reach $1.17 million this year, the...
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