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Indiana Metros Reign in the Latest Emerging Housing Markets Index

Indiana Metros Reign in the Latest Emerging Housing Markets Index

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

Lafayette, Indiana, held the top spot in the latest Wall Street Journal/Realtor.com Emerging Housing Markets Index. The newly-released second quarter results were a triumph for Midwest markets that occupied the top 10 rankings, with Indiana occupying the top three...
Declines Reported in New Home Sales, Mortgage Application Activity

Declines Reported in New Home Sales, Mortgage Application Activity

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

The latest housing market statistics showed a drop in home sales last month and a lower level of mortgage application activity last week. Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 697,000, according to estimates published...
San Francisco Leads the Nation in Declining Luxury Home Sales

San Francisco Leads the Nation in Declining Luxury Home Sales

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

There is more unpleasant real estate news from San Francisco – according to Redfin (NASDAQ:RDFN), luxury home prices in San Francisco are falling faster than anywhere else in the nation. The median sale price of luxury homes in San Francisco plummeted by 12.7%...
MBA: HELOC Activity Up 50% Since Pandemic Began

MBA: HELOC Activity Up 50% Since Pandemic Began

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

The Mortgage Bankers Association (MBA) published its Home Equity Lending Study for the first time since 2020 and determined originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans were up 50% in 2022 compared to two years...
Guaranteed Rate Debuts Down Payment Assistance Product

Guaranteed Rate Debuts Down Payment Assistance Product

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

Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
Bud Abbott’s Final Home Sells for $1.25 Million

Bud Abbott’s Final Home Sells for $1.25 Million

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Los Angeles-area home that was the retirement residence for legendary funnyman Bud Abbott sold for $1.25 million. The 0.27-acre property in Woodland Hills, California, features a three-bedroom, two-bathroom, 1,286-square-foot home built in 1956, along with a...
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