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Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings

Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings

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

Cleveland-headquartered KeyBank (NYSE: KEY) has debuted its Fair Housing Month poll, which surveyed 1,000 homeowners in households earning less than $75,000 annually regarding their homebuying and lending experiences. The inaugural poll found that nearly one-third...
A Phil Hall Op-Ed: Jamie Dimon’s West Side Story

A Phil Hall Op-Ed: Jamie Dimon’s West Side Story

by Phil Hall | Apr 10, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

If you saw the 1961 film classic “West Side Story,” you will recall the opening scenes where the Jets and the Sharks engaged in an elaborately choreographed turf battle through the streets of Manhattan. But the next time you watch the film, pay less attention to the...
Vacation Home Demand Sinks in Post-Pandemic Market

Vacation Home Demand Sinks in Post-Pandemic Market

by Phil Hall | Apr 10, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Demand for vacation homes plummeted by 52% from pre-pandemic levels in March, according to new data from Redfin (NASDAQ:RDFN). In comparison, the demand for primary homes were down by only 13%. Redfin noted that second-home rate locks were at their lowest level since...
Defense Dept. Faulted on Oversight of Private Companies Operating Military Housing

Defense Dept. Faulted on Oversight of Private Companies Operating Military Housing

by Phil Hall | Apr 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Government Accountability Office (GAO) has called on the U.S. Department of Defense (DOD) to strengthen its oversight of the private-sector companies that own and operate residential properties at U.S. military installations. “Private companies own and...
Fannie Mae Home Purchase Sentiment Index Inches Up Slightly

Fannie Mae Home Purchase Sentiment Index Inches Up Slightly

by Phil Hall | Apr 10, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) recorded a 3.3-point uptick from February to March to 61.3, but still remained only slightly above its all-time low set from late last year. Year-over-year, the full index is down by 11.9 points. Fannie...
Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

by Phil Hall | Apr 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

People of color are like to pay higher upfront costs on their rental housing than their White counterparts, according to the latest Consumer Housing Trends Report published by Zillow Group (NASDAQ:Z, ZG). Zillow found the typical Black, Hispanic and Asian American...
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