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Mortgage Application Activity, Credit Availability on the Rise

Mortgage Application Activity, Credit Availability on the Rise

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

More people were filling out mortgage applications during the week ending Feb. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted...
Zillow and Redfin Partner on Multifamily Rental Listings

Zillow and Redfin Partner on Multifamily Rental Listings

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

Zillow (NASDAQ: Z, ZG) and Redfin (NASDAQ: RDFN) announced a new partnership with Zillow becoming the exclusive provider of multifamily rental listings on Redfin and its subsidiary sites. The partnership covers properties with 25 or more units. According to the...
January Foreclosure Activity Up 8% Month-Over-Month

January Foreclosure Activity Up 8% Month-Over-Month

by Phil Hall | Feb 11, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 30,816 residential properties carried foreclosure filings in January, according to new data from ATTOM. This is up 8% from December and down 7% from January 2024. Nationwide, one in every 4,618 housing units had a foreclosure filing last month. The states...
Mid-Atlantic Home Sales Up in January

Mid-Atlantic Home Sales Up in January

by Phil Hall | Feb 11, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mid-Atlantic region recorded a total of 13,117 transactions closed in January, up 8.5% increase from one year earlier, while the total of 14,971 new pending sales in January was down 5.2% from one year ago, according to data from Bright MLS. Showing activity was...
Richmond American Homes of Arizona Debuts 2 New Communities

Richmond American Homes of Arizona Debuts 2 New Communities

by Phil Hall | Feb 11, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Richmond American Homes of Arizona Inc., a subsidiary of MDC Holdings Inc., has opened a pair of communities in Maricopa County. The communities, Seasons at Pradera III and The Preserve at Pradera, are both based in Goodyear, Arizona. Seasons at Pradera III offers new...
Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts

Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Gov. Gavin Newsom announced his support for new legislation designed to ensure that homeowners lenders benefit from the interest earned on insurance payouts, particularly those impacted by the recent Los Angeles County destructive wildfires. California law...
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