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Tech Trends: Tapping Deeper Into Data

Tech Trends: Tapping Deeper Into Data

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate Investing, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

This week, our Tech Trends spotlight considers a slate of new digital offerings designed to improve access to real estate data. An OK via AI: Candor Technology, a mortgage technology solutions provider, announced the release of its PreQual product, a patented borrower...
Delaware Home Sales and Prices Down in June

Delaware Home Sales and Prices Down in June

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Delaware home sales and prices dipped in June from May, but prices climbed compared to one year ago. Delaware recorded 1,237 home sales in June, down 1.43% from May and down 4.99% from June 2023, according to new data from the Delaware Association of Realtors (DAR)....
The New Normal: Million-Dollar Starter Homes

The New Normal: Million-Dollar Starter Homes

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Q2 Home Sellers’ Profit Margins Remained Stagnant

Q2 Home Sellers’ Profit Margins Remained Stagnant

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year

Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year

by Phil Hall | Jul 25, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), topped the JD Power 2024 US Mortgage Servicer Satisfaction Study. This marked the tenth consecutive year that the Detroit-headquartered company ranked first on JD Power’s mortgage servicing study. The US...
Iowa’s Housing Inventory Up 32% from Last Year

Iowa’s Housing Inventory Up 32% from Last Year

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The inventory of Iowa homes for sale climbed 4.4% in June, with 7,417 homes on the market versus 7,104 listings in May. According to new data from the Iowa Association of Realtors (IAR), the state’s inventory level soared by 31.8% from the 5,626 homes listed in June...
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