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Suzanne Somers’ Former Palm Springs Estate Listed for $12.9 Million

Suzanne Somers’ Former Palm Springs Estate Listed for $12.9 Million

by Phil Hall | May 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Palm Springs, California-based property that was once the home of “Three’s Company” star Suzanne Somers has been listed for sale at $12.9 million. The 28-acre property includes five buildings encompassing a total of 7,280 square feet and is located along a craggy...
OUCH! US Homeownership Rate at Lowest Level Since 1970

OUCH! US Homeownership Rate at Lowest Level Since 1970

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

The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

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

Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

Ryan Serhant Begins Shooting New Real Estate-Focused TV Show

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

Celebrity broker Ryan Serhant is shooting a new real estate-focused reality television series, and he is starting in New York City’s ultimate deluxe apartment in the sky. According to a New York Post report, Serhant’s new show is on location today at the $250 million...
Mortgage Rates Go Up, Up and Away

Mortgage Rates Go Up, Up and Away

by Phil Hall | May 25, 2023 | Mortgage Information, News/Current Events, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

Mortgage rates were soaring again in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from last week when it averaged 6.39%.  A year ago at this time, the rate averaged 5.10%. The...
Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

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

ATTOM’s Vacant Property and Zombie Foreclosure Report covering the second quarter of 2023 has determined there are approximately 1.3 million vacant U.S. residential properties – which represents 1.3% or one in 79 homes across the country. The report found 311,508...
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