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New Study Ranks the Best Reverse Mortgage Companies

New Study Ranks the Best Reverse Mortgage Companies

by Phil Hall | Dec 29, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Money magazine is welcoming the new year with its review “Best Reverse Mortgage Companies of January 2024,” with five companies cited for different strengths that set them apart. Longbridge Financial was praised as “Best for Low Interest Rates,” with Money...
Level of Homebuyer Relocation at 18-Month Low

Level of Homebuyer Relocation at 18-Month Low

by Phil Hall | Dec 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers looking to move to a different metro area declined for the third straight month in November, according to new data from Redfin (NASDAQ:RDFN). The 23.9% share recorded last month is down from 24.1% one year ago, which is both the lowest share in...
Zillow Sues Two MLSs for Blocking Use of ShowingTime Tool

Zillow Sues Two MLSs for Blocking Use of ShowingTime Tool

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

Zillow Group (NASDAQ:Z, ZG) and its ShowingTime subsidiary have filed a lawsuit against the Arizona Regional Multiple Listing Service (ARMLS) and Wisconsin’s Metro Multiple Listing Service (Metro MLS), claiming they are engaging in anticompetitive practices designed...
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,...
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