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Mortgage Rates Remain Mostly Flat

Mortgage Rates Remain Mostly Flat

by Phil Hall | Jun 12, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates showed the barest of a downward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of June 12, down slightly from last week when it averaged 6.85%. A year ago...
Report: 28% of Homes Now Selling Above Asking Price

Report: 28% of Homes Now Selling Above Asking Price

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Just over 28% of homes are now selling above the asking price, according to a data report from Redfin (NASDAQ: RDFN). This is down from 32% one year earlier and the lowest level for this time of year since 2020 when the pandemic paralyzed the housing market. The share...
California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

California Commercial Real Estate Broker Pleads Guilty to Obstructing the IRS

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A California commercial real estate broker has pleaded guilty to a years-long pattern of obstructing the IRS from collecting taxes he owed. Pasadena-based Gabriel David Guerrero failed to timely file federal individual income tax returns for the years 1998, 1999, and...
Missouri Lawmakers Pass Bill to Keep Royals and Chiefs in Kansas City

Missouri Lawmakers Pass Bill to Keep Royals and Chiefs in Kansas City

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Missouri House of Representatives has approved a bill designed to keep Kansas City’s two major sports teams, MLB’s Royals and NFL’s Chiefs, in the state. Fox4KC.com reports the House passed Senate Bill 3, with enables the state to issue bonds valued at up to half...
La Rosa Holdings Teams with MiiX Financial Holdings on Credit-Free Home Financing Program

La Rosa Holdings Teams with MiiX Financial Holdings on Credit-Free Home Financing Program

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC), a Celebration, Florida-based real estate and proptech company, has signed a non-binding Letter of Intent (LOI) with MiiX Financial Holdings Trust that will provide MiiX’s residential financing solutions for all credit levels...
National Hispanic Construction Alliance Introduces Inaugural Board of Directors

National Hispanic Construction Alliance Introduces Inaugural Board of Directors

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The National Hispanic Construction Alliance (NHCA), a trade association powered by the National Association of Hispanic Real Estate Professionals (NAHREP), has unveiled its inaugural National Board of Directors. The association identified its mission with five...
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