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40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

by Phil Hall | May 20, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to data released by the American Land Title Association (ALTA). A new independent analysis...
MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

MBA’s CEO Blasts Biden for Tying ‘Regulatory Knots’ Around Housing Professionals

by Phil Hall | May 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit criticized the Biden administration for working against the best interests of housing market professionals, observing that “it sometimes feels like it is attacking you directly and injuring the...
The Best City for Veterans to Live Is…

The Best City for Veterans to Live Is…

by Phil Hall | May 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The East Coast and Midwest rank high among the best places for veterans and active duty miliary personnel to live, according to a new survey from Veterans United Home Loans. For its 2024 Best Cities for Veterans to Live list, the company analyzed more than 500...
Kendrick Lamar Drops $40 Million for Los Angeles Estate

Kendrick Lamar Drops $40 Million for Los Angeles Estate

by Phil Hall | May 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rapper Kendrick Lamar has paused his public feud with music rival Drake to close on a $40 million estate in the Brentwood section of Los Angeles. The Wall Street Journal, citing unnamed “people familiar with the deal,” first reported the sale of the 0.84-acre...
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