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Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

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

Priscilla Almodovar, the CEO of Fannie Mae (OTC: FNMA) has looked at the housing market and said she never saw anything like it. In an interview with MarketWatch, pointed to home prices that are still at historic highs. “It’s a highly unaffordable market right now,”...
Can a T-Rex Family Help Spark Interest in a New Hampshire Home?

Can a T-Rex Family Help Spark Interest in a New Hampshire Home?

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

A New Hampshire realtor has taken an old-school approach to selling a residential property – or to be more precise, a prehistoric approach. Jonathan Benton of East Key Realty is promoting a property in Londonderry, New Hampshire, by featuring a family of inflatable...
Hankin Group Debuts First Phius ZERO Multifamily Community in Pennsylvania

Hankin Group Debuts First Phius ZERO Multifamily Community in Pennsylvania

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

Hankin Group, a vertically integrated real estate company, announced the opening of Hamilton Passive House, promoting the property as Pennsylvania’s first Phius ZERO apartment community and one of the nation’s first Phius ZERO communities that is 100% market...
Mortage Application Activity and Credit Availability in Decline

Mortage Application Activity and Credit Availability in Decline

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

Mortgage application activity slowed down for the week ending Oct. 11, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and...
RE/MAX: Housing Inventory Up for 7th Straight Month

RE/MAX: Housing Inventory Up for 7th Straight Month

by Phil Hall | Oct 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes for sale climbed for the seventh consecutive month, according to the latest national housing report from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). The new data from the 52 metro areas surveyed by RE/MAX found housing inventory...
Trump Pledges to ‘Get Rid of a Lot’ of Regulations Driving Up Home Construction Costs

Trump Pledges to ‘Get Rid of a Lot’ of Regulations Driving Up Home Construction Costs

by Phil Hall | Oct 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Former President Donald Trump pledged to lower the cost of homebuying by cutting away at the regulatory burdens faced by homebuilders. During a town hall meeting in Oaks, Pennsylvania, on Monday evening, an audience member who identified himself as a single father and...
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