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eXp Realty Expands Luxury Program to Four Countries

eXp Realty Expands Luxury Program to Four Countries

by Phil Hall | Dec 7, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), is expanding its eXp Luxury real estate program into Australia, New Zealand, South Africa and the United Kingdom. eXp Luxury launched in October 2022 in the U.S. and expanded in Canada last September...
Redfin Launches AI-Powered Tool to Redesign Listing Photos

Redfin Launches AI-Powered Tool to Redesign Listing Photos

by Phil Hall | Dec 7, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ: RDFN) has unveiled Redfin Redesign, an AI-powered tool that enables consumers to change the appearance of walls, floors and countertops in their home photos. With Redfin Redesign, a consumer selects an eligible home their Redfin search results and then...
Mortgage Rates Continue to Plummet

Mortgage Rates Continue to Plummet

by Phil Hall | Dec 7, 2023 | 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) finds mortgage rates in a continued decline. The 30-year fixed-rate mortgage averaged 7.03% as of Dec. 7, down from last week when it averaged 7.22%. A year ago at this time, it averaged...
Utah’s Governor Proposes Building 35,000 Starter Homes by 2028

Utah’s Governor Proposes Building 35,000 Starter Homes by 2028

by Phil Hall | Dec 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Utah Gov. Spencer Cox has announced a plan to build 35,000 starter homes by 2028. According to a report in the Deseret News, Cox dubbed his plan the Utah First Homes program and framed the proposal as a strategy to address the state’s housing shortage. Cox unveiled...
California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

by Phil Hall | Dec 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, New Jersey and Illinois have the highest concentrations of the most-at-risk housing markets in the country, with the biggest clusters in the New York City and Chicago areas and in central California, according to the third quarter Special Housing Risk...
HUD in New Climate Change Endeavors

HUD in New Climate Change Endeavors

by Phil Hall | Dec 7, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced new initiatives during this week’s U.N. Climate Conference (COP28) to address clean energy in the housing market. Among the initiatives is memorandum of understanding (MOU) with the U.S. Department...
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