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Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta

Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A pair of off-duty New York City police officers helped to stop a would-be arsonist from setting fire to the Atlanta birth home of Rev. Dr. Martin Luther King Jr. According to combined media reports, a woman poured gasoline over the house’s front porch and bushes, but...
New Bill Would Ban Hedge Funds from Owning Single-Family Homes

New Bill Would Ban Hedge Funds from Owning Single-Family Homes

by Phil Hall | Dec 7, 2023 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

New legislation introduced by Democrats in both chambers of Congress seeks to prevent hedge funds from purchasing single-family homes. The End Hedge Fund Control of American Homes Act of 2023 was presented in the House by Rep. Adam Smith (D-WA) and in the Senate by...
eXp Realty Expands Luxury Program to Four Countries

eXp Realty Expands Luxury Program to Four Countries

by Phil Hall | Dec 7, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), is expanding its eXp Luxury real estate program into Australia, New Zealand, South Africa and the United Kingdom. eXp Luxury launched in October 2022 in the U.S. and expanded in Canada last September...
Redfin Launches AI-Powered Tool to Redesign Listing Photos

Redfin Launches AI-Powered Tool to Redesign Listing Photos

by Phil Hall | Dec 7, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ: RDFN) has unveiled Redfin Redesign, an AI-powered tool that enables consumers to change the appearance of walls, floors and countertops in their home photos. With Redfin Redesign, a consumer selects an eligible home their Redfin search results and then...
Mortgage Rates Continue to Plummet

Mortgage Rates Continue to Plummet

by Phil Hall | Dec 7, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) finds mortgage rates in a continued decline. The 30-year fixed-rate mortgage averaged 7.03% as of Dec. 7, down from last week when it averaged 7.22%. A year ago at this time, it averaged...
Utah’s Governor Proposes Building 35,000 Starter Homes by 2028

Utah’s Governor Proposes Building 35,000 Starter Homes by 2028

by Phil Hall | Dec 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Utah Gov. Spencer Cox has announced a plan to build 35,000 starter homes by 2028. According to a report in the Deseret News, Cox dubbed his plan the Utah First Homes program and framed the proposal as a strategy to address the state’s housing shortage. Cox unveiled...
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