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New VP at Planet Home Lending to Focus on Construction Loans

New VP at Planet Home Lending to Focus on Construction Loans

by Phil Hall | Dec 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Planet Home Lending LLC, a Meriden, Connecticut-based mortgage lender and servicer, has hired Melony Harpe as vice president and construction sales manager. In her new role, Harpe will work with the company’s mortgage loan officers to increase their sales of new home...
Florida’s Housing Market Enjoyed a Robust November

Florida’s Housing Market Enjoyed a Robust November

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded year-over-year increases in sales, median sales prices and new listings, according to new data from Florida Realtors. Last month, closed sales of existing single-family homes statewide totaled 17,722, up 4.2% year-over-year,...
Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tenancy in six studio apartments within an affordable housing development in Manhattan will be decided by a lottery drawing. Hudson Companies and the New York City Department of Housing Preservation and Development announcing the housing lottery for the vacancies at...
Mortgage Rates Fall Further Away From 7%

Mortgage Rates Fall Further Away From 7%

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to leave the 7% in the rearview mirror, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95%. A year ago...
MBA: Median Mortgage Payments Drop by $62 in November

MBA: Median Mortgage Payments Drop by $62 in November

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median mortgage payment was $2,137 in November, down from $62 in October, according to data from the Mortgage Bankers Association (MBA). However, November’s sum is up by $160 from one year ago, equal to an 8.1% increase. The national median mortgage...
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of millennials and Gen Zers did not grow up to move away from their hometowns, according to new data from LendingTree (NASDAQ:TREE). In a survey of 2,000 U.S. millennials and Gen Zers, 57% of respondents said they still live in their hometowns, while...
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