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Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is more to homeownership than mortgage costs – indeed, a new data study published by Clever Real Estate determined the typical homeowner spends an average of $24,529 per year – or $2,044 per month – on housing expenses in addition to their mortgage. This is up...
Market Spotlight: Four New Regional Programs for Borrowers

Market Spotlight: Four New Regional Programs for Borrowers

by Phil Hall | Oct 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A quartet of new regionally focused programs for current and prospective homeowners have been announced this week. Westerly, Rhode Island-based Washington Trust has expanded its RI Community Lending Program with the addition of I Luv RI Home Improvement Loans as home...
Study: Homeowners Are Less Likely to Move Than Renters

Study: Homeowners Are Less Likely to Move Than Renters

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 11.21% of Americans – 35.7 million – moved within a year of the most recent American Community Survey in 2022, according to a data analysis published by LendingTree. As for those who moved, 79.29% stayed in the same state. Among those who moved, 53.93% relocated...
Exuma Capital Partners Launches AI-Powered Platform Property.com

Exuma Capital Partners Launches AI-Powered Platform Property.com

by Phil Hall | Aug 5, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The private equity firm Exuma Capital Partners announced the launch of Property.com, which is promoted as an artificial intelligence (AI)-fueled platform designed to connect contractors, real estate agents, home service providers, and homeowners. According to a...
Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme

Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A Nigerian national pleaded guilty to defrauding homeowners and real estate professionals out of down payments in a “man-in-the-middle” email phishing and spoofing scheme. According to an announcement by the office of U.S. Attorney for the Northern District of Texas,...
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