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Hits and Misses for the Real Estate Week of Aug. 24-28
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 24-28. Miss: Shrinkflation...
Hits and Misses for the Real Estate Week of Aug. 24-28
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. Continue Reading Hits and Misses for the Real Estate Week of Aug. 24-28
The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
There Isn’t One U.S. Housing Market. We Need to Stop Talking Like There Is
Every month, the housing industry gets another collection of national numbers. Home prices are up. Sales are down. Inventory is improving. Affordability is getting worse. Builder confidence moved. Mortgage applications changed. We report those numbers because they...
Real Estate’s Next Fight Is Over Who Keeps the Homeowner Relationship
For most people in real estate and mortgage, closing day has always carried a sense of finality. The papers are signed, the keys change hands, commissions are paid, the loan funds and everybody moves on to the next transaction. The homeowner, of course, doesn't move...
News & Current Events
More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Non-QM lending is giving more borrowers a path to financing. That can be good for housing, but qualifying for a mortgage and being able to afford the home are two different things. Continue Reading More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Residential Property Vacancy Rate Holds Steady at 1.3%
Out of the country’s 104.6 million residential properties, 259,666 were in the foreclosure process during the third quarter. Continue Reading Residential Property Vacancy Rate Holds Steady at 1.3%
Alabama Home Sales Surge by 20% Year-Over-Year
The July median home price of $287,750 was up by $47,166 (or 19.6%) from one year before. Continue Reading Alabama Home Sales Surge by 20% Year-Over-Year
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Hits and Misses for the Real Estate Week of Aug. 24-28- The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
- There Isn’t One U.S. Housing Market. We Need to Stop Talking Like The…
- Real Estate’s Next Fight Is Over Who Keeps the Homeowner Relationship
- More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the Hous…
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The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
The mortgage market remains healthy overall, but FHA serious delinquencies have climbed sharply. John G. Stevens argues that the industry should understand why borrowers are struggling before today’s warning signs become tomorrow’s foreclosure statistics. Continue Reading The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
Residential Property Vacancy Rate Holds Steady at 1.3%
Out of the country’s 104.6 million residential properties, 259,666 were in the foreclosure process during the third quarter. Continue Reading Residential Property Vacancy Rate Holds Steady at 1.3%
Alabama Home Sales Surge by 20% Year-Over-Year
The July median home price of $287,750 was up by $47,166 (or 19.6%) from one year before. Continue Reading Alabama Home Sales Surge by 20% Year-Over-Year
More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
More homes are hitting the market while fewer buyers are signing contracts, creating greater negotiating power for buyers who can still afford to purchase. Continue Reading More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
Sun Communities Names Robert Garechana as EVP and CFO
Garechana succeeds Fernando Castro-Caratini, who will transition to an advisory role with the company. Continue Reading Sun Communities Names Robert Garechana as EVP and CFO
Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Real REMAX is ending sales of new Motto Mortgage franchises just days after completing its combination, signaling an early change in the new company’s mortgage strategy. Continue Reading Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
Fed Chairman Kevin Warsh acknowledged housing-market strain at Jackson Hole but made clear that persistent inflation — not housing weakness — is driving the Fed’s policy focus. Continue Reading Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
AI and automated valuation tools are taking a larger role in mortgage lending. The technology can improve speed and efficiency, but borrowers need a practical way to address a valuation when the underlying property information or result is wrong. Continue Reading AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
Miami Real Estate Developer Sentenced on Money Laundering and Tax Fraud Charges
As part of his plea, Rishi Kapoor agreed to give up a platinum ring with a $28,405 down payment that prosecutors say was made with stolen investor money. Continue Reading Miami Real Estate Developer Sentenced on Money Laundering and Tax Fraud Charges