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A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do

A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do

by Third Party | Apr 7, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Realtor —  If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer...
Canada to Ban Foreigners From Buying Homes as Prices Soar

Canada to Ban Foreigners From Buying Homes as Prices Soar

by Third Party | Apr 7, 2022 | Industry Updates, News/Current Events, Real Estate News

  Bloomberg—  Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.  The measures will be contained in Finance Minister Chrystia...
Bitcoin-collateralized mortgage launched by cryptofinance firm

Bitcoin-collateralized mortgage launched by cryptofinance firm

by Third Party | Apr 7, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: National Mortgage News —  XBTO Group, a Miami-based crypto finance platform and asset manager, unveiled its bitcoin-collateralized mortgage offering this week. The company plans to offer the product to home buyers making purchases valued at $1 million or...
Bill would ban so-called real estate love letters in Rhode Island

Bill would ban so-called real estate love letters in Rhode Island

by Third Party | Apr 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: 10 WJAR—  They are known as love letters — emotional and personal appeals to homeowners from prospective buyers hoping for a leg up in a hot housing market. State Rep. Terri Cortvriend, D-Middtown, has proposed a bill to ban them as a way to...
Only Two Homes In Jackson Under $1 Million; Real Estate Prices Doubled In Last 18 Months

Only Two Homes In Jackson Under $1 Million; Real Estate Prices Doubled In Last 18 Months

by Third Party | Apr 6, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Cowboy State Daily —  Real estate prices have more than doubled in Teton County in the past 18 months and properties selling for less than $1 million are increasingly rare in the county’s limited housing inventory, according to a report by a Jackson real...
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