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Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents

Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

StreetEasy, a listing platform owned by Zillow Group (NASDAQ: Z, ZG), announced that it will prevent access by New York City agents who publicly market listings to a select group of potential buyers. In a blog post on the StreetEasy website, Vice President and General...
The State with the Greatest Increase in Mortgage Debt Is…

The State with the Greatest Increase in Mortgage Debt Is…

by Phil Hall | May 1, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the nation’s smallest states has the greatest increase of mortgage debt, according to a new data report from WalletHub. In an analysis of proprietary data from 2024’s third quarter to fourth quarter, Vermont recorded the greatest upswing in mortgage debt, with...
Mortgage Rates Continue Their Decline

Mortgage Rates Continue Their Decline

by Phil Hall | May 1, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.22%....
Century 21 in New Partnership with The Institute for Luxury Home Marketing

Century 21 in New Partnership with The Institute for Luxury Home Marketing

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Century 21 Real Estate LLC, a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has launched a partnership with The Institute for Luxury Home Marketing. According to the companies, this new partnership association will provide Century 21 agents with access to The...
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home

Report: Households Need to Earn $114,000 to Afford a Median-Priced Home

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American households need to earn $114,000 annually to afford a median-priced home, according to new data report from Realtor.com. Since pre-pandemic 2019, the income required to afford the median-priced home has jumped 70.1% from $67,000. Five of the 10 markets with...
Florida Real Estate Broker Sentenced in Bank Fraud Case

Florida Real Estate Broker Sentenced in Bank Fraud Case

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Maria Del Carmen Montes, a real estate broker in Kissimmee, Florida, was sentenced to 33 months in federal prison for bank fraud. According to court documents, Montes, working with her husband Carlos Ferrer and others, created and executed a mortgage fraud scheme...
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