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Foreclosure Activity Increased in First Half of 2023

Foreclosure Activity Increased in First Half of 2023

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

The first half of the year saw a recorded total of 185,580 U.S. properties with foreclosure filings, according to new data from ATTOM. This represents a 13% year-over-year increase. Nationwide, 0.13% of all housing units (one in every 752) had a foreclosure filing in...
UnlistedHomes.com Debuts ChatGPT-Backed Home Search Engine

UnlistedHomes.com Debuts ChatGPT-Backed Home Search Engine

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

UnlistedHomes.com, a Dayton, Ohio-headquartered platform for off-market real estate listings, has launched an AI-powered home search engine backed by ChatGPT. According to the company, the ChatGPT integration provides a more streamlined mechanism where users can enter...
New Program Seeks to Convert Boston Office Properties into Multifamily Housing

New Program Seeks to Convert Boston Office Properties into Multifamily Housing

by Phil Hall | Jul 12, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Boston Mayor Michelle Wu has unveiled a program offering tax incentives that will encourage the conversion of downtown office buildings into residential housing. According to an Associated Press report, the program will accept applications through June 2024 and...
U.S. Bank Debuts Product to Expand Minority Homeownership Access

U.S. Bank Debuts Product to Expand Minority Homeownership Access

by Phil Hall | Jul 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. Bank (NYSE:USB) has launched a mortgage special purpose credit program designed to expand access to homeownership within predominantly minority communities. The U.S. Bank Access Home Loan provides qualified borrowers with up to $12,500 in down payment assistance...
Stephen Sondheim’s Manhattan Townhome Listed for $7 Million

Stephen Sondheim’s Manhattan Townhome Listed for $7 Million

by Phil Hall | Jul 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Manhattan townhome that was the longtime residence of the award-winning Broadway composer and lyricist Stephen Sondheim has gone on the market for $7 million. Located in the exclusive Turtle Bay Gardens Historic District enclave, the five-story, 5,690-square-foot...
MBA: Mortgage Application Activity Up Slightly

MBA: Mortgage Application Activity Up Slightly

by Phil Hall | Jul 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the Mortgage Bankers Association (MBA) recorded an uptick in mortgage application activity for the week ending July 7. The Market Composite Index, a measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis from...
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