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Fewer Listings, But Faster Home Sales

Fewer Listings, But Faster Home Sales

by Phil Hall | May 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings of homes for sale dropped 19% year over year during the four weeks ending May 7, according to data from Redfin (NASDAQ:RDFN). As a result of the inventory shortage and mortgage rates that remain above 6%, there were 16% fewer pending home sales than one...
NYC Luxury Brokerage Aims to Increase Role of Women in Real Estate

NYC Luxury Brokerage Aims to Increase Role of Women in Real Estate

by Phil Hall | May 12, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The New York City-based luxury real estate brokerage Coldwell Banker Warburg has launched its own chapter of “What Moves Her,” a campaign that supports the growth of women in the real estate field. While women account for two-thirds of real estate agents...
Realty One Group in Partnership with Motivational Speaker Dr. Eric Thomas

Realty One Group in Partnership with Motivational Speaker Dr. Eric Thomas

by Phil Hall | May 12, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas-based Realty One Group has announced an exclusive partnership with best-selling author and motivational speaker Dr. Eric Thomas. Under the terms of the partnership, Thomas will provide online coaching through the company’s proprietary One University (ONE.U)...
Luxury Condo Community Opens in Toronto

Luxury Condo Community Opens in Toronto

by Phil Hall | May 12, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto’s new property-starved housing market has a new development: The Leaside, a luxury condominium community spanning two midrise buildings with 109 and 132 suites. The Leaside is a collaboration between Emblem Developments, Core Development Group and financing...
Guest Opinion: How to Help Your Client Close the Deal When Mortgage Rates Climb

Guest Opinion: How to Help Your Client Close the Deal When Mortgage Rates Climb

by Terri Robinson | May 11, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Remember those days of multiple offers? Lines of buyers outside the door of your latest listing? Those days are over in most markets as mortgage rates steadily test the 7% level and buyers grow increasingly skittish about a recession. But you have a listing that has...
Mortgage Rates Inch Lower

Mortgage Rates Inch Lower

by Phil Hall | May 11, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
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