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MBA: Number of Loans in Forbearance Continue to Decline

MBA: Number of Loans in Forbearance Continue to Decline

by Phil Hall | May 16, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of home loans in forbearance declined by 4 basis points from March to April, reaching a level of 0.51% of servicers’ portfolio volume, according to new data from the Mortgage Bankers Association (MBA). The share of Fannie Mae and Freddie Mac loans in...
28,000 Minnesota Real Estate Agents Complete Training on Reducing Racial Bias in Homebuying

28,000 Minnesota Real Estate Agents Complete Training on Reducing Racial Bias in Homebuying

by Phil Hall | May 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 28,000 real estate agents and brokers licensed in Minnesota have completed a two-year training program designed to eliminate racial inequities in homebuying. According to a KAAL-TV / ABC 6 News report, the Minnesota Department of Commerce launched the program...
Frank Lloyd Wright-Designed Home in Tulsa Listed for $7.9 Million

Frank Lloyd Wright-Designed Home in Tulsa Listed for $7.9 Million

by Phil Hall | May 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the largest homes designed by the iconic architect Frank Lloyd Wright has been listed for sale in Tulsa, Oklahoma, for $7.9 million. According to a report in TheSpaces.com, the property known as Westhope was completed in 1929 as the residence for Richard Wright...
Q1 Household Debt Tops the $17 Trillion Level

Q1 Household Debt Tops the $17 Trillion Level

by Phil Hall | May 15, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
Rhode Island Has 10 Realtors for Every Home for Sale

Rhode Island Has 10 Realtors for Every Home for Sale

by Phil Hall | May 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s residential real estate market has a most unusual imbalance: there are exactly 10 times the number of active brokers and salespersons within the Ocean State as there are properties for sale. GoLocalProv.com analyzed new data from the Rhode...
Billy Joel Lists Long Island Mansion for $49 Million

Billy Joel Lists Long Island Mansion for $49 Million

by Phil Hall | May 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Billy Joel is making a comeback – not in the music world, but in the real estate sector with a relisting of a property that failed to sell 15 years ago. Newsday reported the legendary singer/songwriter is relisting his 26-acre waterfront Centre Island estate in Oyster...
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