November 21, 2022
Why Won’t the Market Collapse? Fewer MB Securities
If buyers understood the role mortgage-backed securities played in the early 2000s RE market collapse, they wouldn’t be...
November 19, 2022
Weekly Drop in Rates Saves Buyers $100 per Month
In real-world terms, this week’s mortgage rate drop (from 7.0% to 6.61%) saves typical buyers $1,200 per year – or gives...
November 18, 2022
Long-Term Mortgage Rates Tumble to 6.61%
Last week, a 30-year, fixed-rate loan averaged 7.08%; this week it dropped almost half a percentage point to 6.61% as...
November 16, 2022
NAR’s Commercial 2023 Forecast: Small Price Drop
Overall, high interest rates may lead to a nationwide price decline – but that will vary by local market. Strong job...
November 15, 2022
Strong Buyer Demand Meets Rapid-Rising Rates
For evidence of ongoing buyer demand, look at the number of buyers who jumped back into the market when mortgage rates...
November 14, 2022
Credit Scores: How Are They Calculated?
Many people know what a credit score is, and some know their personal score. But it has such a large impact on lifetime...
November 12, 2022
NAR: 3Q Home Prices Up in 98% of Metros
Home prices rose 8.6% in 3Q, with 46% of metros seeing double-digit price growth – a drop from 80% in...
November 11, 2022
Consumer Inflation Eased to 7.7% in Past 12 Months
That’s the smallest rise since Jan. It’s also down 0.4% from Sept. And core inflation, which excludes food and energy,...
November 10, 2022
New-Home Sales Hit Record High in 3Q
New construction took a growing piece of the housing-inventory pie as scores of new homes go up for sale and homeowners...
November 9, 2022
Buyers Waited for Falling Prices? Big Mistake
Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates,...
November 8, 2022
Buyers Moving Farther than Ever Before
People temporarily fled cities during the pandemic, and now that more are officially being offered full-time remote...
November 7, 2022
Institutional Investors Selling Single-Family Homes
Profit margins have dropped a bit overall and by larger amounts in some markets. NEW YORK – As housing prices...
November 5, 2022
Mortgage Rates Dip Below 7% Again
A 30-year, fixed-rate mortgage averaged 6.95%, down from last week’s 7.08%, though drops are likely temporary after the...
November 4, 2022
NAR Releases 2022 First-Time Buyer Study
Rate increases will likely change next year’s stats, but for the year ending in June, first-time buyers were fewer in...
November 3, 2022
Why Price Drops if RE Is an Inflation Hedge?
Home prices go up over time – but not necessarily over months. Investors also find tax and financial advantages to home...
November 2, 2022
First-time Buyers Back Despite Challenges
They now make up 45% of all homebuyers, up from 37% last year, even as affordability issues persist. Repeat buyers may...
November 1, 2022
Should Sellers List Now or Try to Wait It Out?
With home prices’ peak likely in the rear-view mirror, should sellers waiting to maximize profit jump in before it’s too...
October 31, 2022
Does Technology Play a Role in Rising Rents?
A ProPublica report suggests that AI software tells landlords how much they can charge for rent and, once they do,...
October 29, 2022
New-Home Sales Drop 10.9% in Sept.
After a brief Aug. uptick, Sept. new-home sales slowed again as steadily rising mortgage rates moved a newly constructed...
October 28, 2022
Recession Avoided in 2022
The U.S. economy grew 2.6% in the third quarter after a decline in the first half of 2022. WASHINGTON (AP) – The...
October 27, 2022
VantageScore Approved for Most U.S. Mortgages
The VantageScore model could help up to 37M more Americans qualify for a mortgage. But while FHFA OK’d it, it’s still up...
October 26, 2022
To Millennials Who Nixed Home Buying: What Now?
While many millennials are disappointed that their homeownership plans have stalled, it’s a good time to reevaluate and...
October 25, 2022
Poll of Economists: 2023 Buyer’s Market Likely
With rent growth and inflation likely to continue, economists think a buyer’s market will emerge before the end of 2023...
October 24, 2022
Home Price Growth Decelerated in Q3
Fannie Mae: Home price growth was at an annualized rate of 13.2%, down from 19.1% in 2Q 2022. Prices rose a seasonally...
October 22, 2022
Sellers’ Time on Market Doubles From Spring
Pending home sales and new listings both saw their biggest year-over-year drops since the pandemic’s start, hitting...
October 21, 2022
NAR: Existing-Home Sales Decreased 1.5% in Sept.
National sales dropped for the eighth straight month, down 1.5% from Aug. and 23.8% year-to-year. However, median home...
October 20, 2022
Wire Scam Won’t End Because It Still Works
Homebuyers keep losing deposits and even homes under contract because hackers jump in at the last minute and email them...
October 19, 2022
Lenders to Consider ‘Monthly Cash Flow Activity’
Most loans now consider “on-time rent payments” if buyers agree to monitoring, but this seemingly similar new program...
October 18, 2022
Navigating Insurance: Some Tips for Now and Later
It’s complicated, and homeowners likely can’t file a claim before knowing the damage. “Every claim is different. Every...
October 17, 2022
US rent growth slows to 16-month low
Median rents were down $22 from their July peak to $1,759 in September, according to a monthly report from Realtor.com....
October 15, 2022
What’s in a Street Name? A Key to Home Values
Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll...
October 14, 2022
Avoid These Common Real Estate Scams
It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most...
October 13, 2022
Higher Prices, Smaller Homes: Housing Market Shifts
As mortgage rates rise, buyers on a budget are looking at smaller homes with less square footage to increase their...
October 12, 2022
Unlocking Gen Z’s Potential in Real Estate
Gen Z has started to reach adulthood and more are on the way. Here’s what you need to know about these potential clients...
October 11, 2022
Homebuyers Suddenly Calling the Shots
Prepare for a buyer’s market? In many areas of the U.S., it’s already here. Contingencies are not only back, more buyers...
October 10, 2022
Fannie Mae Joins Freddie, FHA to Use Rent Payments
A majority of mortgage providers will now allow renters with thin credit scores to include on-time rent payments in the...
October 8, 2022
Temporary Rate Buydown Can Help Lower Payments
As the market slowly turns, the rate buydown may be making a comeback. It’s money upfront, ideally from the seller, that...
October 7, 2022
30-Year Mortgage Rates Drop a Bit this Week
The modest downturn for a 30-year, fixed-rate loan – from last week’s 6.7% to 6.66% – isn’t much, but it eases fears...
October 6, 2022
CoreLogic: Home Price Gains Slow for 4th Month
Overall U.S. prices rose 13.5% – but month-to-month, home price gains dropped by 0.7%IRVINE, Calif. – CoreLogic’s Home...
October 5, 2022
A Simple Trick to Save for a Down Payment
Renters usually cut back expenses to save for a down payment, so downsizing their apartment to one less bedroom might...
October 4, 2022
Coming Soon: A Big Hike in Most Loan Limits
Loan limits will likely be 12% or 13% higher starting Jan. 1, 2023, since inflation impacts FHA, Fannie Mae and Freddie...
October 3, 2022
60% of Price Surge Resulted from Remote Work
A Fed study found that every 1 percentage point increase in remote work resulted in about a 0.9 percentage point...
October 1, 2022
New-Home Sales Surged 28.8% Higher in Aug.
NAHB credits a short-term decline in mortgage rates (to 5.3%) as a reason for the uptick, as new-home inventory remains...
September 30, 2022
Real Estate ‘Reset’ Confuses Buyers and Sellers
The Fed says its rate hikes will “reset” the housing industry, but the disruption may come largely from buyer-seller...
September 29, 2022
Consumer Confidence Up, Second Month in a Row
The Conference Board credits “jobs, wages and declining gas prices” for the 4.4-point Sept. rise. Both current outlooks...
September 28, 2022
Case-Shiller Home Prices: ‘Forceful Deceleration’
The national Home Price index reported a 15.8% annual gain in July, down from 18.1% in June – the largest price...
September 27, 2022
2 Fed Officials: We Can Still Avoid a Recession
Boston Fed official acknowledged “apprehension about the possibility of a significant downturn,” but says “a more modest...
September 26, 2022
Some Buyers Slowly Learn to Like Fixer-Uppers
Most buyers want a house, not a new project. But some eventually opt for a fixer-upper due to buying frustrations and...
September 24, 2022
Big Drop in Percent of Buyer Bidding Wars
U.S. bidding wars dropped 2.6 percentage points between July and Aug.SEATTLE – Nationwide, 44.6% of home offers written...
September 23, 2022
Top RE Industry Players Discuss Affordable Housing
NAR and other real estate groups met at the White House Wed. for a “candid discussion” on construction, zoning reforms,...
September 22, 2022
Aug. Housing Starts Surge 12.2% Thanks to Multifamily
Single-family home starts rose 3.4% last month and are down 4% for the year. But Aug. multifamily starts – apartments...
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