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How Two Offers on a Listing Happen at the Same Time

How Two Offers on a Listing Happen at the Same Time

by Third Party | Feb 2, 2022 | Industry Updates, Real Estate News

Source: The Balance —  Receiving two offers on a listing at the same time—even on a listing that’s been on the market for a long time—is common. It’s not unusual for a seller to find themselves in a nice spot where they receive more than one offer...
One-Third of Houses for Sale Are New Construction, an All-Time High

One-Third of Houses for Sale Are New Construction, an All-Time High

by Third Party | Feb 2, 2022 | Industry Updates, News/Current Events

Source: Redfin —  More than one-third (34.1%) of U.S. single-family homes for sale in December were new construction, up from 25.4% a year earlier and the highest share on record.  Newly built homes have taken up an increasing portion of the U.S. housing market...
SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

by Staff Writer | Jan 18, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

SOURCE: EIN PRESSWIRE SRE Technologies, Based in Torrance, Calif., has completed work on the company’s online destination for home buyers and sellers and are now promoting the offering to consumers in markets across the state of Utah. The company’s new web portal is...
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...
Real estate writing: An agent’s guide to grammar

Real estate writing: An agent’s guide to grammar

by Third Party | Jan 9, 2022 | Industry Updates, Real Estate Agent Tools

Source: Inman — Clear and correct communication in all of your real estate transactions helps you to look more professional and competent to clients, colleagues and the general public — in other words, potential clients. Here’s how to make sure you’re always...
FHFA Announces Targeted Increases for High Balance Loans and Second Home Loans

FHFA Announces Targeted Increases for High Balance Loans and Second Home Loans

by Staff Writer | Jan 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac’s (the Enterprises) upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in...
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