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Hits and Misses for the Real Estate Week of July 10-14

Hits and Misses for the Real Estate Week of July 10-14

by Phil Hall | Jul 14, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An improbable relocation of FBI headquarters, HUD’s misplaced priority on climate and NAR’s too-generous donation to a Montana mayoral race. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Sweet FBI Home Alabama?...
Barbara Corcoran Gives TikTok Tour of Her Luxury Mobile Home

Barbara Corcoran Gives TikTok Tour of Her Luxury Mobile Home

by Phil Hall | Jul 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One might not expect to find the star of a major TV personality living in a mobile home – but, then again, the Pacific Palisades, California-based mini-residence of “Shark Tank” star Barbara Corcoran is not your typical mobile home. The New York Post pointed out...
Michael Dell Lists His Boston Penthouse for $35 Million

Michael Dell Lists His Boston Penthouse for $35 Million

by Phil Hall | Jul 14, 2023 | News/Current Events, U.S. Housing Market, WRE News Exclusive

If you have $35 million and a desire to own a Boston penthouse, you can be on the receiving end of the statement “Dude, you’re getting a Dell.” The Wall Street Journal reported Michael Dell, chairman and CEO of Dell Technologies, is selling his two-story penthouse at...
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule

New Senate Bill Seeks to Overturn FHFA’s LLPA Rule

by Phil Hall | Jul 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. Sens. Mike Braun (R-IN) and Roger Marshall (R-KS) have introduced the Middle Class Borrower Protection Act to reverse the Federal Housing Finance Agency’s (FHFA) recent mortgage rule that changed to the Loan-Level Price Adjustment (LLPA), which many critics...
Mortgage Rates Rise to Just Under 7%

Mortgage Rates Rise to Just Under 7%

by Phil Hall | Jul 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to rise and nearly hit the dreaded 7% mark, according to Freddie Mac’s (OTCQB:FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.96% as of July 13, up from last week when it averaged 6.81%. A year ago at...
Ex-CEO Mark Willis Returns to Keller Williams as Strategic Consultant

Ex-CEO Mark Willis Returns to Keller Williams as Strategic Consultant

by Phil Hall | Jul 13, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Keller Williams (KW) announced former CEO Mark Willis is returning to the Austin-headquartered company as a strategic consultant. Willis served as president of KW from 2002 to 2005 and as CEO from 2005 to 2015. While he continued to own KW franchises, Willis’...
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