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Q1 Mortgage Lending at Lowest Level Since 2000

Q1 Mortgage Lending at Lowest Level Since 2000

by Phil Hall | Jun 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The first quarter of 2024 saw the lowest level of home mortgage lending since 2000, according to new data from ATTOM. A total of 1.28 million mortgages secured by residential property were issued in the first three months of the year, down 6.8% from the previous...
Tech Trends: Building Partnerships, Expanding Data Resources

Tech Trends: Building Partnerships, Expanding Data Resources

by Phil Hall | Jun 5, 2024 | News/Current Events, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

A quartet of tech solutions introduced earlier this week are in the Tech Trends spotlight. Creating New Partnerships. Homebot, a Denver-headquartered homeownership intent platform, announced its launch of Partner Intel, which is designed to partner loan officers with...
Mortgage Application Activity Continues to Drag

Mortgage Application Activity Continues to Drag

by Phil Hall | Jun 5, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
Detroit’s Largest Residence Goes to Auction After a Year on the Market

Detroit’s Largest Residence Goes to Auction After a Year on the Market

by Phil Hall | Jun 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After a year on the market with nary a trace of buyer interest, Detroit’s largest private residence will go up for auction on Monday. The Detroit Free Press reported the Bishop Mansion, a 31,192-square-foot residence built in the 1920s, was listed for sale at $9...
NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex

NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex

by Phil Hall | Jun 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Archdiocese of New York has agreed to sell a vacant lot that it owns in the East Village section of Manhattan to be used as an affordable multifamily housing complex. According to the Commercial Observer, the archdiocese will receive between $58 million and $68...
CoreLogic: Home Price Appreciation is Cooling

CoreLogic: Home Price Appreciation is Cooling

by Phil Hall | Jun 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Annual home price appreciation during April was 5.3%, unchanged from March, according to new data from CoreLogic. On a month-over-month basis, home prices increased by 1.1%. All of the states recorded year-over-year home price appreciation, led by New Hampshire (up by...
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