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New Home Purchase Mortgage Applications Up 6.2%

New Home Purchase Mortgage Applications Up 6.2%

by Phil Hall | Apr 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in March were 6.2% higher than one year earlier, according to data from the Mortgage Bankers Association (MBA). On a monthly measurement, applications increased by 1% from February. MBA estimated new single-family home...
British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

by Phil Hall | Apr 16, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) levied $626,000 in sanctions and issued market bans against Cherie Evangeline White and her company Kingdom Investments 2015 Inc. for orchestrating a Ponzi scheme involving a real estate flipping scam. According to the...
Wharton to Offer Course on Using Data Analytics for Real Estate Investments

Wharton to Offer Course on Using Data Analytics for Real Estate Investments

by Phil Hall | Apr 16, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate department at the University of Pennsylvania’s Wharton School of Business is introducing a course designed to teach students how to use data analytics to guide real estate investments. According to a report in The Daily Pennsylvanian, the half-semester...
Guest Opinion: Fighting Back Against Ransomware Attacks

Guest Opinion: Fighting Back Against Ransomware Attacks

by Daniel Sergile | Apr 16, 2024 | Guest Opinion, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Daniel Sergile is senior consulting director of Unit 42, the threat intelligence and incident response division of Palo Alto Networks. This article is adapted and edited from written testimony delivered today before the U.S. House of Representatives Committee on...
Housing Starts Plummet by 12.4%

Housing Starts Plummet by 12.4%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in March were at a rate of 1.02 million, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. This is 12.4% below the revised February figure of 1.16 million. Privately‐owned housing starts in...
Maryland Home Sales Down Nearly 14%

Maryland Home Sales Down Nearly 14%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Maryland declined year-over-year by 13.9% last month, according to new data from Maryland Realtors. During March, a total of 5,104 units were sold in the state, down from 5,929 in March 2023. Although pending sales inched up by 2.9% during March from one...
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