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Affordable Homeownership Strangled by Tighter Credit, Low Inventory

Affordable Homeownership Strangled by Tighter Credit, Low Inventory

by Phil Hall | Jun 5, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordable homeownership opportunities continue to be an elusive concept, with new data from Black Knight Inc. (NYSE:BKI) that found all of the nation’s 100 largest markets remain less affordable than their respective long-term averages. The new data study determined...
Mariah Carey Sells Atlanta Mansion at Discounted Price

Mariah Carey Sells Atlanta Mansion at Discounted Price

by Phil Hall | Jun 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mariah Carey hit a decidedly off-key note in the effort to sell her Atlanta mansion. According to the Atlanta Journal-Constitution, the Grammy-winning music star acquired her 4-acre property featuring a 12,575-square-foot residence with nine bedrooms and nine...
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year

CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year

by Phil Hall | Jun 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 32 million single-family residences (SFRs) and 1 million multifamily residences (MFRs) in the U.S. Atlantic and Gulf Coasts are at moderate or more significant risk of sustaining damage from hurricane-force winds this year, according to CoreLogic’s newly...
Q1 Mortgage Origination Activity at 23-Year Low

Q1 Mortgage Origination Activity at 23-Year Low

by Phil Hall | Jun 1, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.25 million mortgages secured by residential property were originated in the first quarter of this year, according to new data from ATTOM. This represented a 19% drop from the fourth quarter of 2022 – the eighth consecutive quarterly decrease – and a 56%...
Realtor.com: Home Price Growth Slowest on Record

Realtor.com: Home Price Growth Slowest on Record

by Phil Hall | Jun 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It was a May that was worth forgetting, according to the latest Realtor.com Housing Report that recorded home price growth of only 0.9% year-over-year, the slowest rate since the company began recording this data in 2016. “April and May are historically popular...
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