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Builder Confidence Up for Seventh Straight Month

Builder Confidence Up for Seventh Straight Month

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes during July posted a one-point uptick to 56 in the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marked the seventh consecutive month of rising...
The Best and Worst Cities for First-Time Home Buyers Are…

The Best and Worst Cities for First-Time Home Buyers Are…

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

WalletHub has taken another look at the U.S. housing market, this time with the newly published 2023 edition of the Best & Worst Cities for First-Time Home Buyers. For this study, WalletHub analyzed 300 cities using 22 key metrics ranging from housing...
Luke Bryan cuts price on Florida mansion for second time

Luke Bryan cuts price on Florida mansion for second time

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Country music star Luke Bryan has no problems getting audiences into his shows, but he seems to be stymied getting interest in his mansion in Santa Rosa Beach, Florida. Realtor.com reported the award-winning singer/songwriter first listed his 4,645-square-foot Gulf...
New York Fed Study Finds Rising Level of Loan Application Rejections

New York Fed Study Finds Rising Level of Loan Application Rejections

by Phil Hall | Jul 18, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans are facing an increasing level of rejection on their loan applications, according to data released by the Federal Reserve Bank of New York. In the New York Fed’s latest Survey of Consumer Expectations, the overall rejection rate for credit applicants was...
Angelo Mozilo, former Countrywide Financial CEO, Dies at 84

Angelo Mozilo, former Countrywide Financial CEO, Dies at 84

by Phil Hall | Jul 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Angelo Mozilo, the former chairman and chief executive of Countrywide Financial who received widespread criticism for his role in the subprime mortgage meltdown, died at the age of 84. “It is with great sadness that the family of Angelo Robert Mozilo announces his...
A Phil Hall Op-Ed: Remember GSE Reform?

A Phil Hall Op-Ed: Remember GSE Reform?

by Phil Hall | Jul 17, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

On July 30, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 (HERA), which established the Federal Housing Finance Agency (FHFA). One provision of that act gave the FHFA authority to place its regulated entities into conservatorship...
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