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Tech Trends: Improving Real Estate Communications

Tech Trends: Improving Real Estate Communications

by Phil Hall | Sep 5, 2024 | Commercial Real Estate News, Real Estate Agent Tools, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

This week, our Tech Trends round-up features new tools designed to improve the flow of information within the real estate environment. Talking the Talk: Zillow (NASDAQ:Z, ZG) announced an upgrade for its artificial intelligence (AI) -powered search tool. According to...
Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home

Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home

by Phil Hall | Aug 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The monthly housing payment for the typical starter home that sold in July was $1,981, up 4.4% from one year earlier, according to a new data report from Redfin (NASDAQ: RDFN). To afford a typical starter home, buyers must earn $79,252 annually, also up 4.4%...
Typical Homebuyer’s Down Payment Hits Record High

Typical Homebuyer’s Down Payment Hits Record High

by Phil Hall | Aug 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
Rocket Mortgage Debuts Program to Lower Home Loan Payments

Rocket Mortgage Debuts Program to Lower Home Loan Payments

by Phil Hall | Aug 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Rocket Mortgage, a part of Detroit-headquartered Rocket Companies (NYSE: RKT), is now offering its “Welcome Home RateBreak” program for lowering mortgage payments. According to the company, eligible borrowers in the program can receive a mortgage rate...
Monthly Mortgage Payments Record First Annual Decline in 4 Years

Monthly Mortgage Payments Record First Annual Decline in 4 Years

by Phil Hall | Aug 22, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median monthly mortgage payment was $2,587 during the four weeks ending Aug. 18, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level since February and a 0.1% dip from one year ago – as well as the first time in four years that monthly...
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