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Real estate comps: How to find them

Real estate comps: How to find them

by Third Party | Mar 10, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Yahoo! Life —  Real estate comparables — known as comps for short — are one of the most important tools used to determine how much a home is worth. Whether you’re trying to price your home for sale, buy a new one or just gauge how much home equity you’ve...
Homebuyers again retreat to the sidelines as higher rates crimp affordability

Homebuyers again retreat to the sidelines as higher rates crimp affordability

by Third Party | Mar 9, 2023 | Mortgage Information, News/Current Events

Source: USA Today —  Homebuyers started the year on a positive note when declining mortgage rates signaled increasing affordability. Mortgage applications rose 28% in one week in the middle of January as rates dipped to 6.2%. But that frenzy of activity was...
BMO Expands its Down Payment Program

BMO Expands its Down Payment Program

by Rick Grant | Mar 8, 2023 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

BMO says it will commit $1 million to expand its Welcome Home Grant down payment program to five new markets including Minneapolis, Milwaukee, St. Louis, Indianapolis, and Lake County, IL – Kenosha County, WI. The bank said its efforts would help underserved...
Are All-Cash Buyers Dominating NYC Real Estate Market?

Are All-Cash Buyers Dominating NYC Real Estate Market?

by Rick Grant | Mar 3, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

Flagstar Bank Donates $1 Million to Expand Appraiser Diversity

by Rick Grant | Mar 3, 2023 | Industry Updates, Mortgage Information, News/Current Events, WRE News Exclusive

New York Community Bancorp, Inc. announced that its subsidiary, Flagstar Bank, N.A., has donated $1 million to the Appraiser Diversity Initiative (ADI), a collaboration between the Appraisal Institute, the National Urban League, Fannie Mae, and Freddie Mac. The...
Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’

Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’

by Rick Grant | Mar 2, 2023 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

Better Mortgage announced the launch of the Equity Unlocker program, a new financial product designed for those with vested equity in their employer, like many employees in the tech space. Amazon employees will be the first to have access to the Equity Unlocker, which...
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