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First American: Potential home sales in June drops 2.5% monthly

First American: Potential home sales in June drops 2.5% monthly

by Third Party | Jul 21, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Source: Scotsman Guide —  According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the...
Tips for Decorating Your Rental Apartment for Your Ideal Lifestyle

Tips for Decorating Your Rental Apartment for Your Ideal Lifestyle

by Shirley Martin | Jul 20, 2022 | Industry Updates, Real Estate Agent Tools

Often, renting an apartment feels like living in someone else’s space. Someone else chose the paint colors, flooring, countertops, and finishings. And there’s a good chance you would have made some different decisions if you had free reign over the decor. Thankfully,...
Migration Hotspots Have the Highest Inflation Rates

Migration Hotspots Have the Highest Inflation Rates

by Third Party | Jul 20, 2022 | Industry Updates, News/Current Events

Source: Redfin —  Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make up a big portion of the rising costs in those places. The most popular destinations...
Cash out refi vs. home equity loan: What you need to know

Cash out refi vs. home equity loan: What you need to know

by Third Party | Jul 20, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Bankrate —  If you need cash and have a sizable amount of home equity built up, you may consider a cash-out refinance or a home equity loan. Both a cash-out refinance and a home equity loan allow you to borrow against your home’s equity, using your home...
Grim outlook for housing market, NAHB CEO warns

Grim outlook for housing market, NAHB CEO warns

by Third Party | Jul 19, 2022 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Source: Fox Business —  National Association of Home Builders CEO Jerry Howard warned on “Varney & Co.” Monday of “a tough time” ahead for the industry as data revealed the housing market has been slowing down. Howard provided the...
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates

Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates

by Third Party | Jul 19, 2022 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Source: Eye on Housing —  Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits...
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