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Alec Hanson promoted to CMO at loanDepot

Alec Hanson promoted to CMO at loanDepot

by Phil Hall | May 31, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

loanDepot Inc. (NYSE: LDI) has promoted Alec Hanson to chief marketing officer (CMO). In his new role, Hanson will be responsible for the development of brand, digital marketing, and organic and digital lead generation campaigns and the company’s originator-led...
Q1 Investor Home Purchases Plummet 49% Year-Over-Year

Q1 Investor Home Purchases Plummet 49% Year-Over-Year

by Phil Hall | May 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property acquisitions by real estate investors during the first quarter were down by 48.6% from one year ago, according to new data from Redfin (NASDAQ:RDFN). This marks the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the...
New Survey Finds Too-High Levels of Homebuyer Remorse

New Survey Finds Too-High Levels of Homebuyer Remorse

by Phil Hall | May 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Too many Americans who recently bought homes are having some regrets over their new purchase – 93%, to be precise, according to a survey released by Clever Real Estate. In a nationwide poll of buyers who acquired homes between 2021 and 2023, more than half (56%) said...
SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership

SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership

by Phil Hall | May 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

SouthState Bank has unveiled the Opportunity Advantage Loan Fund, a new mortgage option that is designed to help qualified low-to-moderate income (LMI) borrowers achieve homeownership. The Opportunity Advantage Loan Fund is available for LMI homebuyers in Alabama,...
Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

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

American homeowners did not receive a vote of confidence from Elon Musk, who predicted the nation’s home values will be collapsing sooner rather than later. The Tesla (NASDAQ:TSLA) chieftain offered his doom-and-gloom prophecy on Twitter in response to comments made...
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

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

The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
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