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Fair Housing Complaints Reach Record High for Third Straight Year

Fair Housing Complaints Reach Record High for Third Straight Year

by Phil Hall | Jul 12, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of fair housing complaints broke a record for the third consecutive year, according to data from the National Fair Housing Alliance (NFHA). During 2023, a total of 34,150 fair housing complaints were received, up from the 33,007 complaints received in...
Mortgage Rates Slide Away from the 7% Mark

Mortgage Rates Slide Away from the 7% Mark

by Phil Hall | Jul 12, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates moved further away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of July 11, down from last week when it averaged 6.95%. A year ago at this time,...
Lennar Debuts Two Communities in Alabama

Lennar Debuts Two Communities in Alabama

by Phil Hall | Jul 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar (NYSE:LEN) announced the debut of Aberdeen and Greenbrier, two new-home communities in Foley, Alabama. The Aberdeen community offers two open floorplans in homes ranging from 1,693 to 1,842 square feet, with three bedrooms and two baths. Pricing...
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

by Phil Hall | Jul 11, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) rose by 1% to 95.0 in June; the index was benchmarked to 100 in March 2012. The...
Foreclosure Activity Down During First Half of the Year

Foreclosure Activity Down During First Half of the Year

by Phil Hall | Jul 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 177,431 properties carried foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first six months of this year, according to new data from ATTOM. This represents a 4.4% decline from the same time period one year ago,...
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