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Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

by Phil Hall | Apr 20, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage. John Lowe, formerly senior vice president and division manager at Fairway, has been named...
Legalized Cannabis and Real Estate: Still a Work in Progress

Legalized Cannabis and Real Estate: Still a Work in Progress

by Phil Hall | Apr 19, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The legalization of marijuana in the U.S. has created something of a nationwide crazy quilt. Cannabis is still considered illegal under federal law, but in 21 states plus the District of Columbia and Guam both medicinal and recreational marijuana retailing is legal....
Foreclosure Activity Up 22% Year-Over-Year

Foreclosure Activity Up 22% Year-Over-Year

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 95,712 U.S. properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is a 6% uptick from the previous quarter and a 22% spike from one year ago. Nationwide, one in every 1,459 housing units had a...
MBA: Mortgage Application Activity Down 8.8%

MBA: Mortgage Application Activity Down 8.8%

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer people were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, was down by 8.8% on a seasonally adjusted basis from one...
California Median Home Price Up For First Time in Seven Months

California Median Home Price Up For First Time in Seven Months

by Phil Hall | Apr 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s statewide median home price recorded its first month-to-month increase in seven months, according to new data from the California Association of Realtors (CAR). The median home price grew from February’s $735,480 to $791,490, a 7.6% upswing....
Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home

Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home

by Phil Hall | Apr 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than half of millennials and Gen Zers are under the belief they will only way be able afford to buy a home if they win a lottery. According to a new survey by Zillow Group (NASDAQ:ZG), 52% of Gen Zers and 57% of millennials who are not homeowners stated they...
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