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Mortgage Application Activity Continues to Drag

Mortgage Application Activity Continues to Drag

by Phil Hall | Jun 5, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...

CoreLogic: Home Price Appreciation is Cooling

by Phil Hall | Jun 4, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Annual home price appreciation during April was 5.3%, unchanged from March, according to new data from CoreLogic. On a month-over-month basis, home prices increased by 1.1%. All of the states recorded year-over-year home price appreciation, led by New Hampshire (up by...
Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million

Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million

by Phil Hall | Jun 4, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Frontdoor Inc. (NASDAQ: FTDR), a Memphis-headquartered provider of home warranties, announced it has acquired 2-10 Home Buyers Warranty (2-10 HBW) in an all-cash transaction valued at $585 million. Founded in Denver in 1980, 2-10 HBW’s new home structural warranty...
Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

by Phil Hall | Jun 4, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two Republican lawmakers in the Ohio legislature are proposing a constitutional amendment designed to cap property tax increases. According to the Columbus Dispatch, Reps. Beth Lear and Scott Wiggam proposed the amendment that would limit property tax increases to the...
Publisher’s View: The Great Election Distraction and the U.S. Housing Market Myth

Publisher’s View: The Great Election Distraction and the U.S. Housing Market Myth

by John G. Stevens | Jun 3, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

As the drumbeat of the U.S. presidential election grows louder, so does the clamor around its alleged impact on the housing market—a narrative that is as pervasive as it is misleading. Political operatives and pundits alike weave tales of doom and market paralysis...
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