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Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting

Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting

by Phil Hall | May 9, 2023 | News/Current Events, Person of the Week, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Person of the Week spotlight is shining on Kelly Mangold, principal at RCLCO Real Estate Consulting in Bethesda, Maryland, and the subject is today’s housing scene. The first question is a broad question: What is the state of the U.S. housing market today?...
Mortgage Credit Availability at 10-Year Low

Mortgage Credit Availability at 10-Year Low

by Phil Hall | May 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability dropped in April to a level not seen since January 2013, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI dipped by 0.9% to 99.6 in April – the index was...
Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales prices on existing single-family homes during the first quarter were up in approximately 70% of major metro areas – 152 out of 221 markets – according to new data from the National Association of Realtors (NAR). However, the $371,200 national median...
Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is teaming with the digital media platform UrbanGeekz on a special event designed to remove algorithmic bias from the housing and lending sectors. The inaugural Tech Equity Hackathon will be held June 16–18 at American...
America First Credit Union Taps FirstClose for Home Equity Solution

America First Credit Union Taps FirstClose for Home Equity Solution

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

FirstClose Inc., an Austin-based fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced that America First Credit Union selected its FirstClose Equity solution to provide members access to a digital end-to-end home...
Newark Program Sells City-Seized Properties for as Little as One Dollar

Newark Program Sells City-Seized Properties for as Little as One Dollar

by Phil Hall | May 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The city government of Newark, New Jersey, has launched a program that will sell seized residential properties for as little as one dollar According to a NJ.com report, the properties in the Homeownership Revitalization Program were seized for non-payment of taxes,...
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