Weely Real Estate News

Weekly Real Estate News refers to news and updates about the real estate industry that are published on a weekly basis. These updates may include information about the latest trends and developments in the real estate market, new regulations and laws that affect the industry, and updates on major real estate transactions or investments.

Weekly Real Estate News can be accessed through a variety of sources, including news websites, social media platforms, industry publications, and newsletters. Many real estate agents and brokers also send out weekly newsletters or emails to their clients with updates and information about the market.

California’s Housing Affordability Drops to 16-Year Low

November 10, 2023 Allen Santos Comments Off

A minimum annual income of $221,200 was needed to qualify for the purchase of a $843,600 statewide median-priced, existing single-family home. The post California’s Housing Affordability Drops to 16-Year Low appeared first on Weekly Real […]

NAR Slapped with New Antitrust Lawsuit

November 10, 2023 Allen Santos Comments Off

The National Association of Realtors (NAR) is facing a new federal class-action lawsuit that accuses the trade group of violating antitrust laws. The lawsuit was filed earlier this week in South Carolina and accuses NAR […]

Tech Trends: If You’re Looking for Business, Technology Can Help

November 10, 2023 Mariel Alumit Comments Off

Since 2007, MonitorBase (www.monitorbase.com) has been a leader in borrower retention technology. The post Tech Trends: If You’re Looking for Business, Technology Can Help appeared first on Weekly Real Estate News. With interest rates still […]

Q3 Investor Home Purchases at 7-Year Low

November 10, 2023 Mariel Alumit Comments Off

Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during […]

Oklahoma County Sheriff’s Office to Hold Online Foreclosure Auction

November 10, 2023 Mariel Alumit Comments Off

The Sheriff’s Office in Oklahoma County, Oklahoma, is partnering with Bid4Assets, an online marketplace for distressed real estate sales, to conduct their first-ever online sheriff’s sale. Oklahoma County’s is scheduled for November 14. Prospective bidders […]

Lance Drummond to Become Chairman of Freddie Mac’s Board of Directors

November 10, 2023 Mariel Alumit Comments Off

Freddie Mac (OTCQB: FMCC) announced the appointment of Lance Drummond as chairman of its board of directors. He will succeed Sara Mathew, who will retire from the board next February.as Board chair and as a […]

TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink

November 10, 2023 Mariel Alumit Comments Off

Total mortgage balances were up 3.2% during the third quarter while total mortgage origination plummeted by 36.5%, according to new data from TransUnion (NYSE: TRU). After recording a slight decline in the second quarter, mortgage […]

Mortgage Rates Go Into a Slump

November 10, 2023 Mariel Alumit Comments Off

Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when […]

NAR Debuts Flood Disclosure Tracker

November 9, 2023 Mariel Alumit Comments Off

The National Association of Realtors (NAR) has launched a state flood disclosure tracker, which the trade group promoted as helping to “educate the public and Congress as it considers the Federal Emergency Management Administration’s (FEMA) legislative […]

NAHB: Dept. of Energy is Making it Harder to Create Affordable Housing

November 9, 2023 Mariel Alumit Comments Off

The National Association of Home Builders (NAHB) has called out the U.S. Department of Energy (DOE) for creating regulations that have negatively impacted efforts to address the production of affordable housing. In testimony delivered today […]