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Active Home Listings 50.5% Below Pre-Pandemic Levels

Active Home Listings 50.5% Below Pre-Pandemic Levels

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing inventory levels remain stuck below pre-pandemic levels as fewer sellers are opting to list their homes and new house construction remains enervated. According to the latest Monthly Housing Trends Report published by Realtor.com, active inventory growth slowed...
Home Equity Ticks Downward for Second Straight Month

Home Equity Ticks Downward for Second Straight Month

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of equity-rich mortgaged properties declined slightly in the first quarter of this year. According to ATTOM’s latest U.S. Home Equity & Underwater Report, 47.2% of mortgaged residential properties were considered equity-rich in the first quarter....
NYC Rent-Stabilized Units Facing Hikes Up to 7%

NYC Rent-Stabilized Units Facing Hikes Up to 7%

by Phil Hall | May 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The city that never sleeps may have a new reason for its tenants to be up at night – the municipal Rent Guidelines Board is proposing increases of 4% to 7% for two-year leases and hikes of 2% to 5% for one-year leases for the local rent-stabilized housing units....
Mat Ishbia Disses Dan Gilbert – The Feud Continues

Mat Ishbia Disses Dan Gilbert – The Feud Continues

by Phil Hall | May 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?

Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?

by Phil Hall | May 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate brokers and agents have a message for home sellers: play up the energy efficiency aspects of your property. According to the newly released “2023 Realtors and Sustainability Report – Residential” published by the National Association of Realtors (NAR),...
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters

Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters

by Phil Hall | May 3, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer prospective homebuyers were on the hunt for home loans last week while jumbo mortgages fell out of favor with many lenders, according to the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was down by 1.2% on a seasonally adjusted...
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