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Homeowners Face 73% Spike in Mortgage Payments If They Move
“The lock-in effect isn’t just theoretical; it’s a significant factor weighing on the decisions of American homeowners,” said Realtor.com Chief Economist Danielle Hale. Continue Reading Homeowners Face 73% Spike in Mortgage Payments If They Move
Homeowners Face 73% Spike in Mortgage Payments If They Move
“The lock-in effect isn’t just theoretical; it’s a significant factor weighing on the decisions of American homeowners,” said Realtor.com Chief Economist Danielle Hale. Continue Reading Homeowners Face 73% Spike in Mortgage Payments If They Move
Mortgage Application Activity Remains Mostly Flat
Mortgage application activity was stagnant for the week ending Nov. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.2% on a seasonally adjusted...
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Sen. John Barrasso (R-WY) has introduced legislation to abolish Biden-era environmental policies focused on the housing market. The HOUSE Act would repeal the Final Determination on energy efficiency standards for new construction of housing financed by the...
Sutton Group Acquires Real Estate Tech Firm Homicity
Sutton Group, a Canadian-owned real estate brand, is acquiring Homicity Inc., an Ottawa-based real estate technology company. The financial aspects of the deal were not disclosed. As part of the acquisition, Jamie Blades, founder and CEO of Homicity, will join Sutton...
NEWS & CURRENT EVENTS
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.26% as of Nov. 20. Continue Reading Mortgage Rates Inch Up Slightly
Florida Businessman Sentenced for Construction Loan Fraud Schemes
David Ingram, 73, previously pleaded guilty to one count of wire fraud. Continue Reading Florida Businessman Sentenced for Construction Loan Fraud Schemes
New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
The report observed that corporate ownership exceeds 20% in communities including St. Louis, Missouri; Harrisonburg, Virginia; and Franklin County, Ohio. Continue Reading New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
Lennard Commercial Realty Opens Vancouver Office
The Vancouver office will be led by Partners Allon Shapiro and Aaron Ulinder. Continue Reading Lennard Commercial Realty Opens Vancouver Office
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
20% Property Tax Hike Proposed for Utah’s Salt Lake County
A public hearing on the proposal is scheduled for the Salt Lake County Government Center on Dec. 9 at 6 pm. Continue Reading 20% Property Tax Hike Proposed for Utah’s Salt Lake County
Wells Fargo Opens New 22-Acre Texas Campus
The company said this is its first energy net-positive campus. Continue Reading Wells Fargo Opens New 22-Acre Texas Campus
Chip and Joanna Gaines Bring the ‘Fixer Upper’ Franchise to Colorado
The new series premieres Dec. 9 at 9:00 pm ET/PT on Magnolia Network and HGTV. Continue Reading Chip and Joanna Gaines Bring the ‘Fixer Upper’ Franchise to Colorado
Grant Cardone: Andrew Cuomo Rejected My Help to Defeat Zohran Mamdani
Hedge fund executive Bill Ackman told Cardone, “We need you to help Andrew.” Continue Reading Grant Cardone: Andrew Cuomo Rejected My Help to Defeat Zohran Mamdani
Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
REcore said it would terminate the Homes.com and HomesPro data feeds containing listing records for the CRMLS as of Nov. 1. Continue Reading REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
eXp Realty Launches Division Aimed at Sports and Entertainment Clients
The new eXp Sports & Entertainment will be part of eXp Luxury. Continue Reading eXp Realty Launches Division Aimed at Sports and Entertainment Clients
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