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Which is More Stressful: Homebuying or Dating?

Which is More Stressful: Homebuying or Dating?

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In terms of apples and oranges comparisons, the contrast between homebuying and dating rarely comes up. However, the folks at Redfin (NASDAQ:RDFN) broached the topic with a survey of 1,000 Americans who bought a home in the last year. The result of that survey: nearly...
Study: 81% of U.S. Real Estate Firms are Single-Office Operations

Study: 81% of U.S. Real Estate Firms are Single-Office Operations

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The vast majority of U.S. real estate firms in 2022 were single-office entities not affiliated with a franchise network, according to the 2023 Profile of Real Estate Firms published by the National Association of Realtors (NAR). Last year, 81% of the nation’s real...
John Cady Named President of Citywide Home Loans

John Cady Named President of Citywide Home Loans

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandy, Utah-headquartered Citywide Home Loans has named John Cady as its new president. Cady will be charged with continuing Citywide Home Loans’ 1national growth – the company currently has 55 offices in 36 states. Cady was previously senior financial president...
Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new data published by LendingTree (NASDAQ:TREE). The average vacancy rate across the 50 largest U.S. metros is 7.22%....
Mortgage Applications Plunge to 27-Year Low

Mortgage Applications Plunge to 27-Year Low

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity continued to evaporate, according to data from the Mortgage Bankers Association (MBA) for the week ending Sept. 29. The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 6% on both a...
August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases

August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases

by Phil Hall | Oct 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices were up year-over-year for the 139th consecutive month in August, according to new data from CoreLogic. August’s annual 3.7% home price gain was the highest since last February, and home prices ended the month 42% higher compared to the beginning of the...
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