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Tech Trends: Plunk Enables You to Look at Residential Real Estate in a Whole New Way

Tech Trends: Plunk Enables You to Look at Residential Real Estate in a Whole New Way

by Tony Garritano | Oct 19, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

The residential real estate market is still a very local business, but why can’t the local Realtor or broker be armed with both national and hyper-local data to help them become the local expert that they need to be to grow in a very tough market? Plunk...
Architect Billings in Significant Decline During September

Architect Billings in Significant Decline During September

by Phil Hall | Oct 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Business conditions at architecture firms deteriorated in September, according to the American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI). Last month, the ABI score was 44.8, the lowest score reported December 2020 during the height of the...
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

by Phil Hall | Oct 18, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of attorneys general from 50 states and territories announced a $20 million settlement with payment processor ACI Worldwide related to a 2021 testing error that created the unauthorized withdrawal of $2.3 billion from customers of Nationstar Mortgage (also...
Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

by Phil Hall | Oct 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has launched DPA One, a tool designed to help mortgage lenders quickly find and match borrowers to down payment assistance programs. According to Freddie Mac, DPA One aggregates and showcases down payment assistance programs in a single,...
Canadian Home Starts Up in September

Canadian Home Starts Up in September

by Phil Hall | Oct 18, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The trend in Canadian housing starts totaled 254,006 units in September, up 3.9% from 244,511 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly seasonally adjusted annual rate...
Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

by Phil Hall | Oct 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A homebuyer needs to earn $114,627 in order to afford the purchase of a median-priced home, according to data from Redfin (NASDAQ:RDFN). This up 15% ($15,285) from one year ago and up by more than 50% since the start of the pandemic in March 2020. The current income...
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