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What is an independent broker? Pros and cons

What is an independent broker? Pros and cons

by Third Party | Feb 28, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Inman —  For real estate agents who are looking for a chance to take their professional life to the next level, pursuing the role of real estate broker is a natural step. While part of the pursuit of this goal involves additional education and training,...
Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022

Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022

by Leora Ruzin | Feb 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions.   The Pending Home Sales Index (PHSI) — a...
Homes owned by Black households appreciated the fastest during the pandemic

Homes owned by Black households appreciated the fastest during the pandemic

by Leora Ruzin | Feb 27, 2023 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income...
Are iBuyers good or bad for the real estate ecosystem

Are iBuyers good or bad for the real estate ecosystem

by Leora Ruzin | Feb 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

iBuyers, short for “instant buyers,” are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling...
Here’s What Happens When You Can’t Make Your Mortgage Payment

Here’s What Happens When You Can’t Make Your Mortgage Payment

by Third Party | Feb 27, 2023 | Mortgage Information, Real Estate Agent Tools

Source: The Ascent —  It’s been a very difficult time to be an ordinary American homeowner as of late. If you bought a home in the last few years, you might be grappling with higher housing payments due to elevated home values. They climbed in the last...
Should I Refinance My Mortgage?

Should I Refinance My Mortgage?

by Third Party | Feb 27, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Buy Side from WSJ—  For most people, the prime reason to refinance a mortgage is to lower their interest rate and monthly payments. So, when mortgage rates dipped to record low levels early in the coronavirus pandemic, refinancing activity soared. Right...
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