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Foreclosure Activity Records Annual Increase

Foreclosure Activity Records Annual Increase

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

Last month saw a total of 32,938 residential properties with foreclosure filings, according to new data from ATTOM. This is down 1% from January but up 8% from February 2023. Lenders repossessed 3,397 properties through completed foreclosures (REOs) in February, down...
Hispanic Homeownership Rate Reached 49.5% in 2023

Hispanic Homeownership Rate Reached 49.5% in 2023

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

The Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 owner-households – the largest single-year increase since 2005 and the largest homeownership rate upswing for any racial or ethnic demographic group compared to the year prior, according...
Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023

Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023

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

Freddie Mac (OTCQB: FMCC) announced that its Multifamily Apartment Investment Market Index (AIMI) decreased in the fourth quarter of 2023 but increased over the full year. AIMI fell nationally and in all 25 regional markets measured for the fourth quarter of 2023, as...
Study: Home Prices Outpaced Inflation by 2.4x Since 2013

Study: Home Prices Outpaced Inflation by 2.4x Since 2013

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

For more than 60 years, home prices have raced ahead of inflation levels – and the gap has expanded considerably over the past decade. According to a new data analysis from St. Louis-based Clever Real Estate, home prices today are 24 times higher than they were in...
Redfin Expands Sign & Save Program for Homebuyers

Redfin Expands Sign & Save Program for Homebuyers

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

The Seattle-headquartered brokerage Redfin (NASDAQ:RDFN) has expanded its Sign & Save program to more than a dozen markets including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. According to the company, homebuyers who participate in the...
DR Horton Makes Strategic Investment in 3D Printing Construction Firm

DR Horton Makes Strategic Investment in 3D Printing Construction Firm

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

The homebuilder D.R. Horton (NYSE:DHI) has made a strategic investment in Apis Cor, a manufacturer of construction 3D printing robotic technologies. According to the companies, they will collaborate on a multi-unit construction project in South Florida after the...
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