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Most expensive home in America lists for $295 million, may head to auction

Most expensive home in America lists for $295 million, may head to auction

by Third Party | Jan 10, 2022 | News/Current Events, Real Estate News

Source: CNBC —  A 105,000-square-foot megamansion, known as “The One,” in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America. The property, which has been a decade in the making, would be the most...
Higher rates coming for high-balance and second home loans

Higher rates coming for high-balance and second home loans

by Third Party | Jan 10, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: The Mortgage Reports —  The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as...
Communities around U.S. saw significant real estate price increases last month

Communities around U.S. saw significant real estate price increases last month

by Third Party | Jan 9, 2022 | News/Current Events, Real Estate News

Source: Manistee News Advocate —  Homes across the country are seeing listing price increases as we ride into the new year. The nation saw an increase of 10% in listing prices for the last month of 2021. This was an increase from the 8.6% rate in...
‘The Prepared Agent’ workshop teaches real estate agents how to stay safe on the job

‘The Prepared Agent’ workshop teaches real estate agents how to stay safe on the job

by Third Party | Jan 9, 2022 | News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Wavy.com —  VIRGINIA BEACH, Va. (WAVY) — It’s been almost three months since a local real estate agent was killed on the job in Portsmouth. The tragedy motivated two local experts to take action. Now, they’re on a mission to keep other agents safe. Their...
Mortgage Rates Hit Highest Levels Since Spring 2020

Mortgage Rates Hit Highest Levels Since Spring 2020

by Third Party | Jan 9, 2022 | Mortgage Information, News/Current Events

Source: The Wall Street Journal —  U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs. The average rate for a 30-year...
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