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More Down Payment Assistance Programs Introduced During Q1

More Down Payment Assistance Programs Introduced During Q1

by Phil Hall | Apr 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of programs offering down payment assistance increased by 43 during the first quarter, a 2% quarterly uptick that brought the total number of available programs to 2,509, according to data from Down Payment Resource (DPR). The nationwide average benefit...
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping

HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping

by Phil Hall | Apr 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

HGTV star Tarek El Moussa has revealed that he pockets $675,000 a month from his house flipping work. El Moussa shared his financial success in an interview on the podcast “Trading Secrets,” where he promoted his new book “Flip Your Life.” “Since I started in 2010,...
Mortgage Forbearance Levels Down Slightly in March

Mortgage Forbearance Levels Down Slightly in March

by Phil Hall | Apr 22, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of mortgages now in forbearance dipped by 2 basis points from 0.38% of servicers’ portfolio volume in February to 0.36% by the end of March, according to data from the Mortgage Bankers Association (MBA), which estimated 180,000 homeowners are in...
FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations

FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Bill Pulte posted a series of comments on X today that offered somewhat unusual messaging on how the regulatory agency is operating. Pulte first declared, “After 4 years of the housing industry being asleep, Fannie Mae...
The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas

The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The NRP Group, a developer, builder, and manager of multifamily housing, announced the financial close and groundbreaking of a 340-unit, mixed-income housing community in Anna, Texas, located about 45 miles from Dallas. The new community will encompass diverse income...
44.4% of Q1 Home Sales Included Seller Concessions

44.4% of Q1 Home Sales Included Seller Concessions

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

During the first quarter of this year, 44.4% of home sale transactions involved seller concessions to buyers, according to data from Redfin (NASDAQ:RDFN). That’s up from 39.3% in the first quarter of 2024 and shy of the 45.1% record set in the first quarter of 2023....
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