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Housing Inventory Up for Third Straight Month

Housing Inventory Up for Third Straight Month

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale during January increased by 7.9% from one year earlier, according to data from Realtor.com, which added median listing prices recorded a growth of 1.4% compared to the same time last year. In January, more than half of the 50...
Home Equity Levels Down Slightly During Q4

Home Equity Levels Down Slightly During Q4

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM determined 46.1% of mortgaged residential properties were considered equity rich in the fourth quarter of 2023, down from 48% one year earlier and down from 47.4% in the third quarter for the second consecutive quarterly decline. The...
Alex Rampell Joins Board of Rocket Companies

Alex Rampell Joins Board of Rocket Companies

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Rocket Companies (NYSE: RKT) has appointed Alex Rampell as an independent director to its board of directors. Rampell currently serves as general partner at Andreessen Horowitz, focusing on fintech investments. He also cofounded TrialPay, a transactional advertising...
Luxury Home Prices Hit Record Peak

Luxury Home Prices Hit Record Peak

by Phil Hall | Jan 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. luxury home sold for a record $1.17 million during the fourth quarter of 2023, according to new data from Redfin (NASDAQ:RDFN), an 8.8% year-over-year increase. In comparison, prices of non-luxury homes increased at half the pace, rising 4.6%...
Total Lender Solutions Acquires Mortgage Lender Services

Total Lender Solutions Acquires Mortgage Lender Services

by Phil Hall | Jan 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Total Lender Solutions, a San Diego-based company specializing in complex and comprehensive nonjudicial foreclosures, has acquired the assets of Mortgage Lender Services, a foreclosure processing firm based in Sacramento, and its sister company Sunrise Assessment. The...
Joe Hullinger Joins LendingOne as EVP

Joe Hullinger Joins LendingOne as EVP

by Phil Hall | Jan 31, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

LendingOne, the Boca Raton, Florida-based private lender for real estate investment property loans, has hired Joe Hullinger as executive vice president. Hullinger is a mortgage industry veteran with 35 years of experience building sales teams and managing multi-site...
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