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One-Third of Homebuyers Now Paying in All-Cash Deals

One-Third of Homebuyers Now Paying in All-Cash Deals

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

Now, here is some news that will not sit well with our mortgage banking friends: new data from Redfin (NASDAQ:RDFN) has determined one-third (33.4%) of U.S. home purchases in April were all-cash transactions, up 30.7% one year earlier and the highest share in nine...
Mortgage Application Activity Down for Fourth Consecutive Week

Mortgage Application Activity Down for Fourth Consecutive Week

by Phil Hall | Jun 7, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

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

Canadian wildfire smoke isn’t the only thing in the American air today – the latest TransUnion (NYSE: TRU) Consumer Pulse found a heavy cloud of pessimism about the state of the economy mixed with some buoyant optimism about personal finances. First, the bad news. In...
MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year

MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year

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

The Mortgage Bankers Association (MBA) announced the nomination of Christine Chandler to serve as the organization’s vice chairwoman for the 2024 membership year. Chandler is executive vice president, chief credit officer and chief operating officer with M&T...
Rebecca Mann Named Director of Real Estate Institute of New England

Rebecca Mann Named Director of Real Estate Institute of New England

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

The Real Estate Institute of New England has named Rebecca Mann as its new director. Founded in 1991 as the Arthur Gary School of Real Estate and headquartered in Sanford, Maine, the Real Estate Institute of New England offers virtual classes and in-person classes for...
Lake Tahoe Vacation Property Favored by the Kardashians Listed for $19.8 Million

Lake Tahoe Vacation Property Favored by the Kardashians Listed for $19.8 Million

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

The Lake Tahoe, California-based property that has been used as a winter vacation retreat by the Kardashians and other reality television stars has been listed for sale at $19.8 million. The 15.34-acre property known as Gunbarrel Lodge includes a main residence and...
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