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The State with the Greatest Increase in Mortgage Debt Is…

The State with the Greatest Increase in Mortgage Debt Is…

by Phil Hall | Mar 21, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data study from WalletHub that analyzed mortgage debt levels among the states between the third and fourth quarters of 2023 has found Maryland as the national leader in percentage terms, with the average balance rising by 1.23% to $283,092. WalletHub noted that...
NAR Pushes Back at Biden’s Claim That Realtors Drive Up Home Prices

NAR Pushes Back at Biden’s Claim That Realtors Drive Up Home Prices

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

The National Association of Realtors (NAR) called out President Biden for misrepresenting how real estate professionals do their jobs. In a campaign speech delivered yesterday in Nevada, the president alluded to NAR’s $418 million settlement of the...
Mortgage Applications Down by 1.6%

Mortgage Applications Down by 1.6%

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

Mortgage applications were in decline last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 1.6% on a seasonally adjusted basis from one week earlier...
Person of the Week: James Glasgow, Chief Investment Officer at Castle Lanterra

Person of the Week: James Glasgow, Chief Investment Officer at Castle Lanterra

by Phil Hall | Mar 19, 2024 | Current News & Events, Person of the Week, Real Estate News, U.S. Housing Market, WRE News Exclusive

For this new installment of our Person of the Week feature, the topic is the multifamily housing market and our guest expert is James Glasgow, chief investment officer at Castle Lanterra, a Suffern, New York-headquartered real estate investment company focused on the...
RE/MAX: Home Sales Soar 17%

RE/MAX: Home Sales Soar 17%

by Phil Hall | Mar 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in February recorded a 17% upswing from January and a 2.3% uptick from one year earlier, according to new data from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). “The February jump in sales activity illustrates the strength of demand in...
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