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Mortgage Application Activity Heats Up

Mortgage Application Activity Heats Up

by Phil Hall | Feb 5, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise in the latest data from the Mortgage Bankers Association (MBA) for the week ending Jan. 31. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up 2.2% on a seasonally adjusted basis...
Historic Virginia Estate Sells for $20 Million After 8 Years on the Market

Historic Virginia Estate Sells for $20 Million After 8 Years on the Market

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic estate in Virginia that has been on the market for nearly eight years was sold for $20 million. FauquierNow.com reports the North Wales Estate in Faquier spans 1,482 acres across six parcels. The estate’s mansion was built between 1776 and 1796 and...
Did Luka Doncic Buy a $15 Million Home Before He Was Traded?

Did Luka Doncic Buy a $15 Million Home Before He Was Traded?

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A news story that Dallas Mavericks star Luka Doncic purchased a $15 million home in Dallas days before the team unexpectedly traded him to the Los Angeles Lakers is not true. Athlon Sports reports the story was rooted in an episode of the podcast “Run It Back” with...
State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm Seeks 22% Emergency Interim Rate Hike in California

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the wildfires that ravaged Los Angeles County are now completely contained, State Farm General is seeking an emergency interim rate hike averaging 22% for California homeowners based on what it called a “dire” financial situation. CNN reported the insurance...
Ground Broken for 576-Unit Multifamily Community in Sacramento

Ground Broken for 576-Unit Multifamily Community in Sacramento

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Russell Square, a licensed general contractor and real estate developer specializing in multifamily development, has partnered with Jackson Square Properties to break ground on Delta Shores, a 576-unit multifamily community in the California capital city of...
Study: Average Q4 Buyer’s Agent Commission Was 2.37%

Study: Average Q4 Buyer’s Agent Commission Was 2.37%

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
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