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Hits and Misses for the Real Estate Week of Oct. 2-6

Hits and Misses for the Real Estate Week of Oct. 2-6

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A candidate for president talks about the housing market, a hospitality group does not want Los Angeles homeless people in the city’s hotels, and an old Iowa jail is up for sale. From the wild and wooly world of real estate, here are our hits and misses for the week...
Auction Scheduled for Jacqueline Kennedy’s Georgetown Mansion

Auction Scheduled for Jacqueline Kennedy’s Georgetown Mansion

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The luxury home purchased by First Lady Jacqueline Kennedy following the assassination of President John. F. Kennedy will be the subject of a no-reserve auction on Oct. 24. The property is based in the Georgetown section of Washington, D.C., and was designated as a...
Herbie Huesman Named SVP of Real Estate at USAA FSB

Herbie Huesman Named SVP of Real Estate at USAA FSB

by Phil Hall | Oct 5, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Antonio-based USAA Federal Savings Bank has promoted Herbie Huesman to senior vice president of real estate. Huesman will report to USAA FSB President Paul Vincent and continue to be based in the company’s Tampa office. Most recently, Huesman served as the...
30-Year Fixed-Rate Mortgage Surges to 7.49%

30-Year Fixed-Rate Mortgage Surges to 7.49%

by Phil Hall | Oct 5, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage spiked again, averaging 7.49% as of Oct. 5, according to new data from Freddie Mac (OTCQB: FMCC). This is up from last week when it averaged 7.31%. A year ago at this time, it averaged 6.66%. “Mortgage rates maintained their upward...
RFK Jr. Offers Proposal to Expand Homeownership

RFK Jr. Offers Proposal to Expand Homeownership

by Phil Hall | Oct 5, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Robert F. Kennedy Jr. addressed the challenges facing the housing market, with the candidate for the Democratic presidential nomination offering a plan to expand access to homeownership with a new program. In a video posted to his social media pages, Kennedy...
Home Prices Up (Again) While Inventory Shrinks (Again)

Home Prices Up (Again) While Inventory Shrinks (Again)

by Phil Hall | Oct 5, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices rose on an annual basis for the second consecutive month in September while the housing inventory shrank year-over-year for a third consecutive month, according to new data from Realtor.com. September’s median list price of $430,000 was down slightly from...
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