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Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns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...
S&P Case-Shiller: Home Prices Are Rising Again

S&P Case-Shiller: Home Prices Are Rising Again

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

The latest data from the S&P CoreLogic Case-Shiller Indices show a continued recovery for U.S. housing prices, with all 20 major metro markets tracked for analysis reporting month-over-month price increases. The U.S. National Index posted a 1.3% month-over-month...
State Farm Ends Home Insurance Sales in California

State Farm Ends Home Insurance Sales in California

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

State Farm General Insurance Co. has ceased accepting new applications in California for business and personal lines property and casualty insurance, effective May 27. In an unattributed press statement, the company said it “made this decision due to historic...
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