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Teachers Federal Credit Union Now Offering VA Loans

Teachers Federal Credit Union Now Offering VA Loans

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

Teachers Federal Credit Union, one of the nation’s largest credit unions with $9.7 billion assets and more than 460,000 members in all 50 states, has begun offering VA loans for active-duty military, veterans, and surviving spouses. “It is our honor to serve...
Revnest, a Marketplace for Vacation Rental Properties, Goes Live

Revnest, a Marketplace for Vacation Rental Properties, Goes Live

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

Revnest, a Boise, Idaho-headquartered platform, has launched a global marketplace exclusively designed for vacation rental properties. According to Revnest, the new platform is built from the traditional MLS model of providing essential information about each home,...
Florida Existing Home Sales Down in August

Florida Existing Home Sales Down in August

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

Florida’s housing market recorded 22,917 closed sales of existing single-family homes in August, down 7.9% year-over year, while existing condo-townhouse sales totaled 9,279, down 7.2% from the same time one year ago, according to data from Florida Realtors. Last...
Mortgage Rates Flat, But Still Above 7%

Mortgage Rates Flat, But Still Above 7%

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

The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Renting is Less Costly Than Home Buying 47 of the Top 50 Metros

Renting is Less Costly Than Home Buying 47 of the Top 50 Metros

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

Buying a starter home in the top 50 metros cost $1,111 (60.3%) more per month than renting in August, as median U.S. rents recorded their fourth consecutive month of year-over-year declines, according to data from Realtor.com. The median asking rent in the 50 largest...
Fewer Homes Being Flipped

Fewer Homes Being Flipped

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

A total of 84,350 single-family homes and condominiums in the were flipped during the second quarter, according to data from ATTOM. These transactions represented 8% the quarter’s home sales and was close to the lowest level of flipping activity since 2021. The second...
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