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California’s Housing Affordability Drops to 16-Year Low

California’s Housing Affordability Drops to 16-Year Low

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

Housing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors (CAR). Fewer than one in five home buyers (15%) were able to afford a median-priced, existing single-family home in California...
Robin Williams’ San Francisco Home Listed for $25 Million

Robin Williams’ San Francisco Home Listed for $25 Million

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

The longtime San Francisco home of Oscar-winning comic actor Robin Williams has been listed for sale at $25 million. Located in the city’s Sea Cliff neighborhood, the Italian Renaissance-style mansion covers roughly 11,000-square-foot residence was built in 1926 and...
Mortgage Delinquency Rate Records Q3 Uptick

Mortgage Delinquency Rate Records Q3 Uptick

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

The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). The third...
Lowe’s to Teach DIY Skills in New Home Repair Workshops

Lowe’s to Teach DIY Skills in New Home Repair Workshops

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

The retailer Lowe’s (NYSE:LOW) is launching Home Repair Workshops, where store associates will teach customers the basics of home repair and maintenance through live, interactive workshops. Beginning on Nov. 11, Home Repair Workshops will be hosted in 100 stores...
Nestor R. Weigand Jr., Kansas Real Estate Executive and 1988 NAR President, Dies at 84

Nestor R. Weigand Jr., Kansas Real Estate Executive and 1988 NAR President, Dies at 84

by Phil Hall | Nov 10, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Nestor R. Weigand Jr., a Kansas real estate executive who served as president of the National Association of Realtors in 1988, passed away on Nov. 1 at the age of 84. Weigand was born in 1939 and graduated from the University of Notre Dame with a BBA in finance in...
Mortgage Rates Go Into a Slump

Mortgage Rates Go Into a Slump

by Phil Hall | Nov 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when it averaged 7.76%. A year ago at this time, it...
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