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JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress

JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress

by Phil Hall | Jul 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The combination of elevated mortgage rates and an inflation-heavy economy has created a financial strain and growing unhappiness with customer service among mortgage servicing customers, according to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study. This...
Pending Home Sales Inched Up Slightly in June

Pending Home Sales Inched Up Slightly in June

by Phil Hall | Jul 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales recorded a mild 0.3% uptick from May to June, according to new data from the National Association Realtors (NAR). This marked the first month-over-month increase since February. However, on a year-over-year measurement, pending transactions were...
Nearly Half of US Homes in Q2 Were Equity-Rich

Nearly Half of US Homes in Q2 Were Equity-Rich

by Phil Hall | Jul 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
Long Island Village Considers Buying Accused Serial Killer’s Home

Long Island Village Considers Buying Accused Serial Killer’s Home

by Phil Hall | Jul 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The village government in Long Island that was the home of accused serial killer Rex Heuermann is seeking to purchase the property. The New York Post reported the modest six-room single-family home in Massapequa Park was acquired in 1994 for $170,000 by Heuermann, an...
Guest Opinion: The Toxic Nature of Contracts for Deed

Guest Opinion: The Toxic Nature of Contracts for Deed

by Elizabeth Goodell | Jul 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This article is adapted from written testimony presented before a recent hearing of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development. I am a lawyer who supervises a practice group at Mid-Minnesota Legal Aid in Minneapolis. My practice...
Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes

Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes

by Phil Hall | Jul 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A realtor in Beverly Hills accused of burglarizing the homes of the rich and famous has pleaded no contest to the charges brought against him. According to a Beverly Hills Patch report, Benjamin Eitan Ackerman is accused on break-ins that occurred in 2017 and 2018 at...
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