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‘Highest and Best’ vs. ‘Best and Final’: A Homebuyer’s Guide to Offers and Winning a Bidding War

‘Highest and Best’ vs. ‘Best and Final’: A Homebuyer’s Guide to Offers and Winning a Bidding War

by Third Party | May 29, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Realtor —  There are signs that the housing market is easing off the record-high prices it’s seen during the past few years, but bidding wars for homes are far from over—especially in competitive markets. And the difference between landing your dream...
Why Summer Is a Great Time To Buy a Vacation Home

Why Summer Is a Great Time To Buy a Vacation Home

by Third Party | May 29, 2022 | News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Keeping Current Matters —  You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start...
Home Sellers in Migration Hotspots Increasingly Turn to Price Drops

Home Sellers in Migration Hotspots Increasingly Turn to Price Drops

by Third Party | May 29, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  The sudden surge in mortgage rates has reduced homebuyers’ budgets in many markets, forcing sellers to reset their price expectations. Price drops are becoming increasingly common, particularly in relatively affordable places that have seen...
How Buying or Selling a Home Benefits the Economy and Your Community

How Buying or Selling a Home Benefits the Economy and Your Community

by Third Party | May 29, 2022 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Keeping Current Matters —  If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact,...
US mortgage rates see biggest fall for over two years

US mortgage rates see biggest fall for over two years

by Third Party | May 28, 2022 | Mortgage Information, News/Current Events, Real Estate Agent Tools

Source: MPA —  US mortgage rates posted the biggest drop in more than two years, offering homebuyers a slight reprieve from this year’s massive surge in borrowing costs. The average for a 30-year loan declined to 5.10% from 5.25% last week, Freddie Mac said in a...
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