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Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says

Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says

by Third Party | Mar 27, 2023 | Real Estate News, U.S. Housing Market

Source: Fox Business —  From one coast to another, the collapse of California-based Silicon Valley Bank (SVB) has now sent tidal waves to Florida’s real estate market, one broker claimed on “Varney & Co.” Thursday. “It’s definitely...
Thriving after being ‘thrown to the wolves’

Thriving after being ‘thrown to the wolves’

by Third Party | Mar 27, 2023 | Current News & Events, Real Estate Agent Tools

Source: MPA Mag —  You think the economy is bad now for the mortgage industry? Try coming up like Michael Borodinsky (pictured) did back in the 80s. “I graduated from the University of Delaware in 1983,” he told Mortgage Professional America during a telephone...
Cost Of Living Comparison Calculator

Cost Of Living Comparison Calculator

by Third Party | Mar 27, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Bankrate —  The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such...
Is This the Calm Before the Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry

Is This the Calm Before the Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry

by Third Party | Mar 27, 2023 | Real Estate News, U.S. Housing Market

Source: Realtor.com —  Although the Federal Reserve hiked interest rates on Wednesday, mortgage rates veered in the opposite direction and tumbled. For the week ending March 23, the nationwide average for the popular 30-year fixed-rate mortgage was 6.42%,...
Housing Market Update: Spring Homebuying Season Kicks Off With Steady Demand, But Lack Of Listings Holds Back Sales

Housing Market Update: Spring Homebuying Season Kicks Off With Steady Demand, But Lack Of Listings Holds Back Sales

by Third Party | Mar 27, 2023 | Real Estate News, U.S. Housing Market

Source: Redfin —  Homebuying demand persisted as mortgage rates declined for the second week in a row after the Fed announced it will only modestly hike interest rates. But limited supply is another barrier for buyers, who are competing for the few homes on the...
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