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Truist Foundation Pledges $500K for Idalia Relief Efforts

Truist Foundation Pledges $500K for Idalia Relief Efforts

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Truist Foundation, the philanthropic arm of Truist Financial Corp. (NYSE: TFC), has pledged $500,000 to support relief and recovery efforts for communities across the Florida Gulf Coast and Southeastern Seaboard impacted by Hurricane Idalia, which made landfall...
Backflip Debuts AI-Enabled My Leads for Property Investors

Backflip Debuts AI-Enabled My Leads for Property Investors

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Backflip, a Dallas-headquartered real estate and fintech platform for fix-and-flip investors, has unveiled My Leads, an AI-enabled property sourcing feature. According to the company, the platform leverages artificial intelligence to act as a deal analysis assistant...
Aspen Property Seeks to Break Sales Record with $105 Million Listing

Aspen Property Seeks to Break Sales Record with $105 Million Listing

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The owner of a luxury residence in Aspen is seeking to generate the first home sale in Colorado that goes above the $100 million level. The Wall Street Journal reports the 8.4-acre estate located four miles from Aspen’s downtown has been listed for $105 million. The...
Pending Home Sales Inched Up in July

Pending Home Sales Inched Up in July

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were up for the second consecutive month in July, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, inched up by 0.9% to...
Mortgage Application Activity Up for First Time in Five Weeks

Mortgage Application Activity Up for First Time in Five Weeks

by Phil Hall | Aug 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for purchase loans and refinances increased for the first time in five weeks, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 25. The Market Composite Index, the trade group’s measure of mortgage...
Home Prices Continue to Remain Elevated

Home Prices Continue to Remain Elevated

by Phil Hall | Aug 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two data reports issued today reaffirmed that housing prices are showing no signs of weakening. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, remained unchanged in June from one year earlier and were up...
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