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Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

by Phil Hall | Apr 20, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage. John Lowe, formerly senior vice president and division manager at Fairway, has been named...
Foreclosure Activity Up 22% Year-Over-Year

Foreclosure Activity Up 22% Year-Over-Year

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 95,712 U.S. properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is a 6% uptick from the previous quarter and a 22% spike from one year ago. Nationwide, one in every 1,459 housing units had a...
MBA: Mortgage Application Activity Down 8.8%

MBA: Mortgage Application Activity Down 8.8%

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer people were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, was down by 8.8% on a seasonally adjusted basis from one...
California Median Home Price Up For First Time in Seven Months

California Median Home Price Up For First Time in Seven Months

by Phil Hall | Apr 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s statewide median home price recorded its first month-to-month increase in seven months, according to new data from the California Association of Realtors (CAR). The median home price grew from February’s $735,480 to $791,490, a 7.6% upswing....
Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home

Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home

by Phil Hall | Apr 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than half of millennials and Gen Zers are under the belief they will only way be able afford to buy a home if they win a lottery. According to a new survey by Zillow Group (NASDAQ:ZG), 52% of Gen Zers and 57% of millennials who are not homeowners stated they...
Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012

Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012

by Phil Hall | Apr 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month’s median U.S. home price fell 3.3% year-over-year to $400,528, the largest year-over-year drop since 2012, according to new data from Redfin (NASDAQ:RDFN). Redfin noted that much of the decline was fueled by the “pandemic boomtowns and pricey Bay Area...
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