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Former MBA Chief David H. Stevens Passes Away

Former MBA Chief David H. Stevens Passes Away

by Phil Hall | Jan 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) announced death of its former President and CEO David H. Stevens at the age of 66. Stevens served as the trade group’s leader from 2011 until 2018. He was previously Assistant Secretary of Housing – Federal Housing Commissioner...
Alec Baldwin Tries to Sell His Mansion on YouTube

Alec Baldwin Tries to Sell His Mansion on YouTube

by Phil Hall | Jan 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alec Baldwin is back on the screen – not the movie screen or the television screen, but the YouTube screen in a sales video to market his home in the exclusive Hamptons section of New York’s Long Island. Baldwin is asking close to $19 million for the property, with a...
The City with the Biggest Yards Is…

The City with the Biggest Yards Is…

by Phil Hall | Jan 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A nice big yard can be a great selling point for a home, but in some markets that feature can be an elusive amenity. The newly published study “2024’s Cities with the Biggest Yards” by LawnStarter number crunched data from the Federal Housing Finance Agency that...
Cantor Fitzgerald CEO: ‘$700 Billion Could Default’ in Commercial Real Estate Loans

Cantor Fitzgerald CEO: ‘$700 Billion Could Default’ in Commercial Real Estate Loans

by Phil Hall | Jan 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Cantor Fitzgerald CEO Howard Lutnick has seen the future of the commercial real estate sector, and he is observing a messy time ahead. “I think $700 billion could default,” said Lutnick in an interview on Fox Business from the World Economic Forum in Davos,...
Mortgage Application Activity Up 10.4%

Mortgage Application Activity Up 10.4%

by Phil Hall | Jan 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A growing number of people are seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.4% on a...
RE/MAX: December Home Sales Down 7.3% Year-Over-Year

RE/MAX: December Home Sales Down 7.3% Year-Over-Year

by Phil Hall | Jan 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of home sales during December dropped 7.3% year-over-year and 2.3% month-over-month, according to new data from RE/MAX LLC. The number of home sales declined year over year in every month of 2023, continuing the trend that ran throughout 2022. Inventory...
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