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Existing home sales fall for third straight month, slowest pace since June 2020

Existing home sales fall for third straight month, slowest pace since June 2020

by Third Party | May 21, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Fox Business —  The National Association of Realtors reported Thursday that sales of previously occupied homes fell by 2.4% last month from March, and declined 5.9% from the year before. A decline in demand was expected as interest rates climb and...
Elder Abuse In Real Estate & Financial Transactions

Elder Abuse In Real Estate & Financial Transactions

by Dan Harkey | May 20, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315  | e: [email protected] 1) Introduction:  The mental health of any society requires honesty and forthrightness in personal relationships and business transactions. In business...
Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

by Third Party | May 20, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: CNBC — Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application volume down 11% for the week, according to the...
How to sidestep a tax bomb when selling your home

How to sidestep a tax bomb when selling your home

by Third Party | May 19, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: CNBC —  With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April.  While home profits dipped slightly, the typical single-family seller still scored a...
What are the problems in the real estate business today?

What are the problems in the real estate business today?

by Debbie Bloyd | May 18, 2022 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or  [email protected] In the real estate side of the business, there is still a lot of competition for homes. Builders are selling homes at pre-construction...
Why Rising Mortgage Rates Push Buyers off the Fence

Why Rising Mortgage Rates Push Buyers off the Fence

by Third Party | May 18, 2022 | Industry Updates, Mortgage Information

Source: Keeping Current Matters —  you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think...
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