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Redfin Debuts AI-Fueled Conversational Home Search Tool
The tool is now available on Redfin.com and mobile web, with support for the Redfin iOS app launching in December. Continue Reading Redfin Debuts AI-Fueled Conversational Home Search Tool
Redfin Debuts AI-Fueled Conversational Home Search Tool
The tool is now available on Redfin.com and mobile web, with support for the Redfin iOS app launching in December. Continue Reading Redfin Debuts AI-Fueled Conversational Home Search Tool
Mortgage Application Activity Up 12.5%
After three weeks of declining activity, a new boost of mortgage applications occurred during the week ending Jun 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
Colorado House Flipper Indicted on 11 Counts of Securities Fraud
A Colorado house flipper was indicted by a grand jury on 11 counts of securities fraud. According to the charges brought against him, Mack Jamie Sprouse solicited approximately $4.8 million from at least 80 investors in his house-flipping business, Urban Veneer...
North Carolina Foundation for Helping Realtors in Need Removes ‘Realtors’ From Name
A North Carolina foundation created to assist realtors in need has removed "realtors" from its name. The Wilmington Business Journal reports the Wilmington Realtors Foundation is now called the Housing Foundation of Southeastern North Carolina. 501(c)(3) foundation,...
NEWS & CURRENT EVENTS
Hits and Misses for the Real Estate Week of March 24-28
The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. Continue Reading Hits and Misses for the Real Estate Week of March 24-28
Proposed Texas Development Accused of Seeking Muslim-Only Community Under Sharia Law
“The proposed community will never see the light of day,” said Gov. Abbott. Continue Reading Proposed Texas Development Accused of Seeking Muslim-Only Community Under Sharia Law
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
NAR to Layoff 61 Employees as Part of Organizational Overhaul
NAR did not provide a timeline regarding when the job cuts would occur. Continue Reading NAR to Layoff 61 Employees as Part of Organizational Overhaul
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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.
Mortgage Rates Drop Below the 7% Mark
The 30-year fixed-rate mortgage averaged 6.95% as of Dec. 14. Continue Reading Mortgage Rates Drop Below the 7% Mark
Q3 Home Flipping Down, But Profits Are Up
The typical profit margin in the third quarter was 29.8%. Continue Reading Q3 Home Flipping Down, But Profits Are Up
Thrive Mortgage and Lower.com to Merge
Lower CEO and co-founder Dan Snyder will lead the combined team. Continue Reading Thrive Mortgage and Lower.com to Merge
FCP Provides $22 Million in Preferred Equity for Two Multifamily Developments
“FCP is pleased to provide financing through our Structured Investments platform for these transactions, each well-located in a dynamic Southeast market,” said FCP’s Kevin Murphy. Continue Reading FCP Provides $22 Million in Preferred Equity for Two Multifamily Developments
UK and EU Central Banks Keep Rates Unchanged
The Federal Reserve and Bank of Canada also left rates unchanged. Continue Reading UK and EU Central Banks Keep Rates Unchanged
Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Stairs is now live in Texas with licenses across 40 states, and the company plans to expand nationwide in early 2024. Continue Reading Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Tech Trends: Don’t Ignore the Power of Video in 2024
Users need to stay on your pages long enough to know what you want them to do (and to actually take that action). Continue Reading Tech Trends: Don’t Ignore the Power of Video in 2024
NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024
NAR also predicted the Austin metro market will have the most pent-up housing demand in 2024. Continue Reading NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024
Federal Reserve Leaves Rates Unchanged
The central bank said it would “continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities.” Continue Reading Federal Reserve Leaves Rates Unchanged
Refinances Fuel Uptick in Mortgage Application Activity
The Refinance Index increased 19% from the previous week and was 27% higher than the same week one year ago. Continue Reading Refinances Fuel Uptick in Mortgage Application Activity
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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