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Tight Inventory Drives Down New York State Home Sales

Tight Inventory Drives Down New York State Home Sales

by Phil Hall | Apr 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York experienced the 41st consecutive month of year-over-year housing inventory declines in March, resulting in few sales and lower prices, according to new data from the New York State Association of Realtors (NYSAR). The Empire State’s for-sale home inventory...
CFPB Downplays Data Breach Report

CFPB Downplays Data Breach Report

by Phil Hall | Apr 21, 2023 | Industry Updates, News/Current Events, WRE News Exclusive

The federal agency tasked with protecting consumers seemed to be doing the exact opposite, thanks to a data breach enacted by one of its employees. However, the agency claims the situation is not a cause for alarm. The Wall Street Journal reported an unnamed worker at...
Spotlight On: Five New Real Estate Books

Spotlight On: Five New Real Estate Books

by Phil Hall | Apr 20, 2023 | Real Estate Agent Tools, Real Estate News, Spotlight On, WRE News Exclusive

So, have you read any good books lately? If you’re in the market for an engrossing and invigorating new book focused on the real estate world, here are five new titles that might satiate your bibliophile needs. “The Agent’s Edge: Secret Strategies to Win Listings and...
Mortgage Rates on the Rise Again

Mortgage Rates on the Rise Again

by Phil Hall | Apr 20, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After five consecutive weeks of being in decline, mortgage rates did an about-face and to an upswing, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.39% as of April 20, up from...
Existing Home Sales Down 22% from Last Year

Existing Home Sales Down 22% from Last Year

by Phil Hall | Apr 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales fell by 2.4% from February to March to a seasonally adjusted rate of 4.44 million, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales dropped by 22% from the 5.69 million level from March 2022....
Report: IMBs Outpace Banks for Lending in LMI and Minority Areas

Report: IMBs Outpace Banks for Lending in LMI and Minority Areas

by Phil Hall | Apr 20, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Independent mortgage banks (IMBs) transact more home loans in low- and moderate-income (LMI) neighborhoods and predominantly minority neighborhoods than and banks, according to a new report coordinated by the Urban Institute on behalf of the Mortgage Bankers...
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