September 21, 2022
Mortgage Report: Minority Buyers Grow in 2021
The nation’s consumer bureau (CFPB) found all minority groups gaining ground in the share of homes...
September 20, 2022
Consumers Expect Inflation to Drop by Next Year
Fed survey: Consumers expect the annual inflation rate to be 5.7% a year from now, beating the 6.2% expectation in July...
September 19, 2022
ARMS Are on the Rise
Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring...
September 17, 2022
Experts Say Relief from Inflation to Come Slowly
Many agree inflation is still on track to ease some this year and much more in 2023. But factors like rent, food prices,...
September 16, 2022
Help First-Time Home Buyers
NAR: First-time buyers comprised 34% of all home buyers in 2021 and the share is rising. Real estate pros can help them...
September 15, 2022
Best Time to Buy a Home is Week of Sept. 25
Realtor.com: Despite rising interest rates, fall is the best season to buy for hopeful homebuyers when it comes to home...
September 14, 2022
U.S. Inflation Falls for 2nd Straight Month
Falling prices for gas and cheaper used cars slowed inflation, though consumer prices still rose 8.3% in Aug. Prices...
September 13, 2022
Rising Interest Rates Weigh on Home Values
Black Knight: Home prices fell 0.77% between June and July – the largest monthly decline since Jan. 2011 and the first...
September 12, 2022
Buyers Should Shop for a Mortgage as Rates Rise
Experts say borrowers stand to save from around $1,500 to $3000 by comparison shopping and gathering multiple quotes...
September 10, 2022
As Housing Market Cools, Homebuyers Regain Leverage
Redfin analysis: On average, U.S. homes bought in Aug. sold for less than what sellers were asking –that hasn’t happened...
September 9, 2022
Experian: New Way to Include On-Time Rent
Rent can automatically be included in credit scores via a new beta test rolled out by Experian. The company says it...
September 8, 2022
Rents Coming Down – But It May Not Last
U.S. rents rose 14% in July year-to-year, down from June (15%) and May (16%) NEW YORK (AP) – Rents are starting to...
September 7, 2022
Better Now to Rent or Buy? It’s Complicated
Mortgage bankers say a mortgage payment in the second quarter was 1.5 times higher than asking rent – but rents keep...
September 6, 2022
Buyers Still Want Yards – Pools Not as Much
The pandemic-created love for outdoor spaces continues, though a survey of home designers found a drop in demand for...
September 5, 2022
ARM Loans Hit Highest Level in 15 years
In June and July, 12% of mortgage borrowers opted for an ARM – a money-saving tactic that offers a bit more risk. And...
September 3, 2022
Solid Fundamentals For Commercial in 2Q
NAREIT: Demand for commercial real estate remained healthy across most sectors in the second quarter.NEW YORK – In the...
September 2, 2022
BofA Offers No-Down/No-Closing Cost Loan
First-time Black or Hispanic homebuyers in select U.S. neighborhoods can qualify for a no-down payment, no...
September 1, 2022
Buyers Skittish? For Many, It’s Just Market Weirdness
Rising prices and mortgage rates deter homebuyers, but for many, the rapid changes are simply disconcerting. It makes...
August 31, 2022
U.S. Confidence Rises – First Time in 3 Months
Overall U.S. consumer confidence rose over 8% month-to-month in August. Attitudes about current conditions moved higher...
August 30, 2022
Study: 80% of Buyers Compromise on Priorities
ST. LOUIS – It’s been a rough real estate market for buyers since the start of 2021, but a few managed to find and...
August 29, 2022
NAR: Pending Home Sales Slip 1.0% in July
While small, 1% is the second monthly sales drop in a row, with 8 in the past 9 months. Year-to-year, contract signings...
August 27, 2022
Climate Change: Younger Owners Worry Most
Company focused on technology for insurance says more homeowners have long-term worries about climate change, with 3 in...
August 26, 2022
Home Prices Dipped
In some locations, prices will likely flatten or perhaps dip as much as 5% – but even with a slight drop in July, home...
August 25, 2022
Climate, Health Bill Goes Easy on Raising RE Taxes
NAR: The original proposal included tax changes that would have hurt real estate investors. However, the final signed...
August 24, 2022
Vacation Home Markets with the Highest Demand?
The U.S. has 1.1M vacation rental properties and while investors seeking top returns often focus on tourist...
August 23, 2022
Realtors and Clients See Market Changing
Many sellers still want to list their home at the high end, but they’re also starting to understand the new rules with...
August 22, 2022
Commercial Boosted by Supply Chain Expansion
The pandemic uncovered weaknesses in U.S. manufacturing and a dependence on foreign nations, but a push to bring...
August 20, 2022
Rate of Rent Increases Slowed for Second Month
Nationally, rents were up 13.5% year-to-year.SEATTLE – U.S. landlords’ “asking rents” were up 14% year -over-year to...
August 19, 2022
Mortgage Rates Drop a Bit, Down to 5.13%
Rates appear to have hit at least a temporary plateau in the low 5% range. Last week, the 30-year, fixed-rate mortgage...
August 18, 2022
Real Estate Offers Solid Investment Returns
Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12...
August 17, 2022
60% of RE Experts Say ‘It’s Not a Bubble’
Bubbles pop, and even with too-high home prices, “The housing market today is a far different beast than what we saw in...
August 16, 2022
Foreclosures Still Low
While experts don’t expect a recession-style foreclosure surge, the numbers should keep rising as the U.S. housing...
August 15, 2022
Buyers’ Income Rises Along with Home Prices
Buyers became richer between 2019 and 2021.SEATTLE – A three-year study of buyers’ incomes shows the impetus for rising...
August 13, 2022
Top 10 Cities for ‘Where to Buy a Fixer-Upper?’
A fixer-upper is ideal for buyers willing to invest sweat equity and live in less-than-ideal conditions. NEW YORK –...
August 12, 2022
80% of Metros See Double-Digit Price Gains in 2Q
NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains. Of the top 10 U.S. metros for...
August 11, 2022
More Listings Gives RE Market Time to Breathe
Buyers, sellers and Realtors feel less pressure as bidding wars decline, listings remain on the market more than a week,...
August 10, 2022
Foreclosure Activity Dropped 4% in July
We’ll see a slow uptick in foreclosures? Not in July. While unexpected, Attom’s EVP says the drop might be normal...
August 9, 2022
3 Ways to Fight Inflation to Win the Long Game
Many investors consider real estate a hedge against inflation, and it is. Long term, stocks still have a stronger...
August 8, 2022
NAR’s Yun: Any Economic Downturn Likely Mild
The chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the...
August 6, 2022
Credit Score Error May Have Hurt Homebuyers
Equifax – one of the big three U.S. credit scorers – says a computer coding error changed credit scores as much as 25...
August 5, 2022
Mortgage Rates Drop Below 5%
At 4.99% it’s not far below, but it’s the first time in four months the 30-year, fixed-rate mortgage averaged below the...
August 4, 2022
Some Homebuyers Get a Second Chance
As more contracts fail to close, some frustrated buyers who didn’t win the bid are receiving a call a week or more...
August 3, 2022
June Home Prices Cooled at Record Pace
Home price increases dropped 2 percentage points – but even at that rate, it would still take six months to return to...
August 2, 2022
Cost of Fair vs. Excellent Credit? $288 per Month
A borrower with a “fair” credit score could pay $103,626 more over the life of a 30-year loan compared to a similar...
August 1, 2022
Market Shift: More Buyers Canceling Contracts
An uptick in buyer cancellations reflects a changing market, though the specific reasons range from interest rates and...
July 30, 2022
Mortgage Rates Pull Back this Week, Drop to 5.3%
In spite of the Fed’s 3/4-point interest rate increase on Wed., the average rate for a 30-year, fixed-rate mortgage fell...
July 29, 2022
Fed Message: No Recession, Worst May Be Over?
The chair had harsh words for inflation but also said rate increases seem to be having an effect. He seemed to say the...
July 28, 2022
NAR: June Pending Home Sales Fell 8.6%
Year-to-year, pending sales were down 20%. NAR says that over three years (June 2019 to June 2022) home prices rose 80%,...
July 27, 2022
How Do Rich Buyers Choose a Luxury Home?
Most people buy the largest home they can reasonably afford, but upscale buyers have a “sweet spot” for size, future...
July 26, 2022
National Home Price Gains Exceeded 20% in May
CoreLogic: Tampa had the highest year-over-year home price gain, 33.4%, for the 20 biggest metros. IRVINE,...
July 25, 2022
Out-of-Town Buyers Have Unique Needs
The first and perhaps biggest question: What made you decide to move here? Slow and methodical work in the beginning...
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