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Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

by Phil Hall | Apr 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

People of color are like to pay higher upfront costs on their rental housing than their White counterparts, according to the latest Consumer Housing Trends Report published by Zillow Group (NASDAQ:Z, ZG). Zillow found the typical Black, Hispanic and Asian American...
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications

NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications

by Phil Hall | Apr 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York Times has published an investigative article questioning the potential of age discrimination in mortgage origination. The article “A Great Credit Score, but She Can’t Get a Mortgage” stated that “many older Americans have a hard time refinancing because...
Spotlight On: Thomas Ferrier and Tommie Mac Inc.

Spotlight On: Thomas Ferrier and Tommie Mac Inc.

by Phil Hall | Apr 6, 2023 | News/Current Events, Real Estate News, Spotlight On, U.S. Housing Market, WRE News Exclusive

Today, we launch a weekly series that shines the proverbial spotlight on people, companies, organizations and trends with the potential to change how our industry conducts itself. For the premiere installment of this series, our spotlight is on Thomas Ferrier,...
Freddie Mac Reports Mortgage Rate Drop

Freddie Mac Reports Mortgage Rate Drop

by Phil Hall | Apr 6, 2023 | Industry Updates, Mortgage Information, News/Current Events, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) reported a downward trend in the latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.28% as of April 6, down from last week when it averaged 6.32%. A year ago at this time, the rate averaged 4.72%. The 15-year...
New York City Leads Nation in Property Taxes

New York City Leads Nation in Property Taxes

by Phil Hall | Apr 6, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple comes with big price tags, especially regarding property taxes. According to a new data study from LendingTree (NASDAQ:TREE), New York City has the highest median property tax among the nation’s 50 largest metros. Homeowners in the City That...
California Homeownership Affordability Continues to Evaporate

California Homeownership Affordability Continues to Evaporate

by Phil Hall | Apr 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The decline in affordable homeownership opportunities impacted all racial and ethnic demographics in California’s housing market during 2022, according to new data released by the California Association of Realtors (CAR). Last year, only 21% of all Californians earned...
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