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Rocket Companies Taps Viral Nation for Social Media Marketing

Rocket Companies Taps Viral Nation for Social Media Marketing

by Phil Hall | Aug 15, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) has signed Toronto-based Viral Nation as its first Social Media Agency of Record. The new contract follows the success of Rocket’s “Own the Dream” campaign that debuted earlier this year as an advertisement seen...
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

by Phil Hall | Aug 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The saga of Kanye West’s one-time Malibu beach house took another melodramatic turn as the property is back on the market months after the announcement that a buyer was secured. Mansion Global reports the house is back on the market for $34.9 million, down from its...
Mortgage Rates at 10-Month Low

Mortgage Rates at 10-Month Low

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate averaged 6.58% as of Aug. 14, 2025, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.63%; it also marked the lowest level recorded year-to-date. A year...
Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points

Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points

by Phil Hall | Aug 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Treasury Secretary Scott Bessent is walking back demands he made yesterday that the Federal Reserve cut rates by 50 basis points at its next policy meeting in September. In an interview on Fox Business this morning, Bessent insisted, “I didn’t tell the Fed what...
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year

Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year

by Phil Hall | Aug 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of residential properties sold in Texas to international buyers is up by nearly 9% year-over-year, according to the 2025 Texas International Residential Transactions Report released by Texas Realtors. The new report found nearly 7,500 buyers from other...
Q2 Mortgage Delinquency Rate Down Slightly

Q2 Mortgage Delinquency Rate Down Slightly

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The second quarter delinquency rate for mortgage loans on one-to-four-unit residential properties declined to a seasonally adjusted rate of 3.93% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate was down 11...
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