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Julia Roberts Sells Her San Francisco Mansion

Julia Roberts Sells Her San Francisco Mansion

by Phil Hall | Nov 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Actress Julia Roberts has sold her San Francisco mansion less than two weeks after putting it on the market. Realtor.com reported the five-level property in the city’s Presidio Heights neighborhood was acquired by the Oscar-winner in January 2020 for $8.3 million. The...
Nearly One-Third of Q3 Homes for Sale Were New Construction

Nearly One-Third of Q3 Homes for Sale Were New Construction

by Phil Hall | Nov 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-third of single-family homes for sale during the third quarter were new construction, according to data published by Redfin (NASDAQ:RDFN). The 30.6% share is the highest of any third quarter on record. This is up from 28.9% one year ago and 25% two years...
MBA: Purchase Loan Applications at Lowest Level Since 1995

MBA: Purchase Loan Applications at Lowest Level Since 1995

by Phil Hall | Nov 1, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was down for the third consecutive week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 2.1% on a seasonally...
loanDepot Unveils accessZERO Program to Assist Homebuyers

loanDepot Unveils accessZERO Program to Assist Homebuyers

by Phil Hall | Nov 1, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

loanDepot Inc. (NYSE: LDI) has launched its “accessZERO” program to assist borrowers challenged with barriers to affordable homeownership. The new program is available nationwide for Federal Housing Administration purchase mortgages and offers up to 5% in down payment...
Jury Finds NAR Guilty in Sitzer/Burnett Case

Jury Finds NAR Guilty in Sitzer/Burnett Case

by Phil Hall | Oct 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) was found guilty by a jury in Kansas City of artificially maintaining high commission rates through its Clear Cooperation Rule. The trade group, along with co-defendants HomeServices of America and Keller Williams, were...
Fear Not, Zombie Foreclosures Pose No Great Risk

Fear Not, Zombie Foreclosures Pose No Great Risk

by Phil Hall | Oct 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There were roughly 1.3 million vacant residential properties, representing 1.27% or one in 78 homes in the U.S., during the fourth quarter of this year according to new data from ATTOM. The fourth quarter data is virtually the same as in the third quarter of this...
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