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Mortgage Rates End 2023 in a Downward Spiral

Mortgage Rates End 2023 in a Downward Spiral

by Phil Hall | Dec 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
Pending Home Sales Activity Remains Unchanged

Pending Home Sales Activity Remains Unchanged

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR). NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings...
Clayton Completes Five Volunteer Home Rebuilding Projects

Clayton Completes Five Volunteer Home Rebuilding Projects

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Clayton, a national builder of single-family attainable housing, has partnered with the nonprofit Rebuilding Together to complete five projects this year. A total of 93 Clayton team members from three home building facilities in Sacramento, Albuquerque and Buckeye,...
‘The American Dream’ to Focus on Traverse City, Michigan

‘The American Dream’ to Focus on Traverse City, Michigan

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“The American Dream,” a half-hour commercial free program focused on housing markets across the U.S., has announced its’ latest episode will be the Michigan-based “Selling Traverse City.” Each show features a local real estate professional who provides...
Mark Wahlberg Tops List for 2023’s Most Profitable Celebrity Real Estate Deals

Mark Wahlberg Tops List for 2023’s Most Profitable Celebrity Real Estate Deals

by Phil Hall | Dec 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the end of 2023 only days away, a new list from Kiplinger is detailing which celebrities enjoyed the greatest profits on their real estate transactions over the past 12 months. Actor Mark Wahlberg topped the list with the $46.7 million he pocketed from the $55...
Former NASA Employee and Husband Charged in Mortgage Fraud Scheme

Former NASA Employee and Husband Charged in Mortgage Fraud Scheme

by Phil Hall | Dec 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A former NASA employee and her husband were indicted by a federal court in Texas for coordinating a fraudulent financing and refinancing mortgage loan scheme. According to the charges brought against them, Noreen Khan was still working at NASA when she and her...
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