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Annual Home Price Growth Remains Below 5%

Annual Home Price Growth Remains Below 5%

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Year-over-year home price gains inched down in July to 4.3%, according to new data from CoreLogic. This was below June’s 4.7% year-over-year reading and came in below 5% for the third consecutive month. No states posted annual home price declines. The states with the...
Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

by Rohit Chopra | Sep 10, 2024 | Guest Opinion, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rohit Chopra is director of the Consumer Financial Protection Bureau (CFPB). This article is adapted and edited from a speech delivered yesterday at the National Housing Conference in Washington, DC. While we often focus on homeownership as a vehicle for accumulating...
Florida Apartment Tower Transitions from Market Rate to Affordable Housing

Florida Apartment Tower Transitions from Market Rate to Affordable Housing

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 208-unit apartment tower in Clearwater, Florida, that operated for 50 years as an affordable senior living complex before being turned into market rate housing that displaced its financially vulnerable residents is being transitioned into an affordable housing...
FHFA Releases Mortgage Loan and Natural Disaster Dashboard

FHFA Releases Mortgage Loan and Natural Disaster Dashboard

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) is now offering an online risk analysis tool designed to offer geographic estimates for physical risks from natural disasters along with nationwide data on housing and the mortgage market. The new Mortgage Loan and Natural...
A Phil Hall Op-Ed: When is Celebrity Real Estate Deserving of Coverage?

A Phil Hall Op-Ed: When is Celebrity Real Estate Deserving of Coverage?

by Phil Hall | Sep 9, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: The other day, I saw a headline from a Connecticut newspaper that declared: “TikTok star Nara Smith, model Lucky Blue Smith go house hunting in CT.” And my reaction to the headline was: “Who and who?” We don’t do a great deal of celebrity-related...
Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commission changes were expected to occur with the National Association of Realtors’ (NAR) historic settlement have not come to pass in many markets, according to a new report by Redfin (NASDAQ: RDFN). The new report, which is based on interviews with dozens...
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