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Mortgage Application Activity in Mild Uptick

Mortgage Application Activity in Mild Uptick

by Phil Hall | Nov 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity inched up for the week ending Nov. 8, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
Expanded Listings Helps Fuel Indiana Home Sales

Expanded Listings Helps Fuel Indiana Home Sales

by Phil Hall | Nov 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Indiana generated a total of 6,670 home sales in October, up 5% year-over-year, while the state’s 6,669 pending sales finished 7% ahead of one year earlier. According to data released by the Indiana Association of Realtors, 8,684 homes were listed in October, up...
JD Power: Customer Satisfaction with Mortgage Lenders is Down

JD Power: Customer Satisfaction with Mortgage Lenders is Down

by Phil Hall | Nov 12, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Consumers are becoming less happy with their mortgage lenders, according to the JD Power 2024 U.S. Mortgage Origination Satisfaction Study. Overall customer satisfaction with mortgage lenders was rated at a 727 level on a 1,000-point scale, down three points from one...
Foreclosure Activity Up in October

Foreclosure Activity Up in October

by Phil Hall | Nov 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

October saw a total of 30,784 residential properties with foreclosure filings, up 4% from the previous month but down 11% from one year earlier. According to data from ATTOM, one in every 4,578 housing units nationwide had a foreclosure filing in October. Lenders...
Alaska’s Record-Breaking $15 Million Listing Features Hangar for Five Planes

Alaska’s Record-Breaking $15 Million Listing Features Hangar for Five Planes

by Phil Hall | Nov 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Alaska housing market is now offering its most expensive home ever listed, with a $15 million mansion featuring its own airplane hangar. Mansion Global reports the 3.2-acre property in Anchorage features a 17,000-square-foot residence built in 2012 with four...
NAR Chief Economist Predicts Rising Home Sales Over Next Two Years

NAR Chief Economist Predicts Rising Home Sales Over Next Two Years

by Phil Hall | Nov 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Association of Realtors (NAR) Chief Economist Lawrence Yun is projecting an 11% higher level of new home sales in 2025 and 8% higher level in 2026, with the median home price forecast to be 2% higher in both 2025 and 2026. “Maybe the worst is coming to an...
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