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Garry Marsoubian Appointed CEO at MLS Now

Garry Marsoubian Appointed CEO at MLS Now

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

MLS Now, which works on behalf of 11 real estate associations and shareholders to offer listing services across Ohio and West Virginia, announced the appointment of Garry Marsoubian as the new CEO. Marsoubian previously held executive positions at Greater Tulsa MLS...
KeyBank in New Partnership to Increase Investment in Underserved Communities

KeyBank in New Partnership to Increase Investment in Underserved Communities

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

KeyCorp’s (NYSE:KEY) KeyBank and the National Community Reinvestment Coalition (NCRC) has announced a new $25 million partnership aimed at increasing investment in underserved communities. Under the terms of the partnership, KeyBank will provide $17 million to fund...
Mortgage Rates Still Hovering Near the 7% Level

Mortgage Rates Still Hovering Near the 7% Level

by Phil Hall | Apr 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) found rates stuck near the 7% level. The 30-year fixed-rate mortgage averaged 6.82% as of April 4, up from last week when it averaged 6.79%. A year ago at this time, it averaged 6.28%....
Northeast and Midwest Lead the Nation with Highest Property Taxes

Northeast and Midwest Lead the Nation with Highest Property Taxes

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property taxes levied on U.S. single-family homes totaled $363.3 billion in 2023, up 6.9% from $339.8 billion in 2022. According to data from ATTOM, the increase was almost double the 3.6% growth rate in 2022 and was the largest in the past five years. ATTOM also...
Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage

Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage

by Phil Hall | Apr 4, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

In an extraordinary blurring of the lines separating an independent and objective financial service media and the industry it covers, a startup news site owned and operated by a hedge fund has partnered with a law firm to put forth a proposed consumer class action...
Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum

Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The New York City-headquartered real estate brokerage Compass (NYSE: COMP) is expanding into the Gulf South markets with its acquisition of the New Orleans-headquartered brokerage Latter & Blum. Latter & Blum was founded in 1916 and is led by Chairman Robert...
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