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Better Shares Sink in Trading Debut

Better Shares Sink in Trading Debut

by Phil Hall | Aug 24, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

At the risk of being flippant, the new public listing for the online mortgage lender Better (NASDAQ:BETR) might be a case of being in the right place at the wrong time. According to a Reuters report, Better’s shares sank this morning during its stock trading debut....
Service Restored for Northern California MLS Networks After Cyberattack

Service Restored for Northern California MLS Networks After Cyberattack

by Phil Hall | Aug 23, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 14,000 real estate agents, appraisers and related professionals in California’s North Bay and San Francisco markets are able to access online property listings again after a cyberattack paralyzed their multiple listing services. According to a report in the...
Newly Created SPAC Seeks Merger with Real Estate Company

Newly Created SPAC Seeks Merger with Real Estate Company

by Phil Hall | Aug 23, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

99 Acquisition Group Inc., a special purpose acquisition company (SPAC) seeking a merger with a real estate industry company, has closed its initial public offering (IPO) of 7.5 million units at $10.00 per unit. The units are listed on Nasdaq Global Market and are now...
RE/MAX and CCIM Institute in New Partnership

RE/MAX and CCIM Institute in New Partnership

by Phil Hall | Aug 23, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

RE/MAX Holdings (NYSE:RMAX) has entered into a new partnership with the CCIM Institute, a provider of commercial real estate education. Under this partnership, RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the...
Zillow: Half of All Homebuyers Are First-Timers

Zillow: Half of All Homebuyers Are First-Timers

by Phil Hall | Aug 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Zillow (NASDAQ:Z, ZG) has determined that half of all homebuyers are purchasing their first home, the highest share that the company has recorded. This 50% share is up from 45% in 2022 and 37% in 2021. Nearly half of first-time buyers are...
MBA: Purchase Loan Applications at 28-Year Low

MBA: Purchase Loan Applications at 28-Year Low

by Phil Hall | Aug 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
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