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California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities

California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities

by Rick Grant | Feb 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the Housing and Urban Development’s (HUD) announcement to reduce the annual mortgage insurance premium on Federal Housing Administration (FHA) insured loans.   ...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

by Rick Grant | Feb 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023.   So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.

Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.

by Rick Grant | Feb 23, 2023 | Industry Updates, Mortgage Information, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Curbio, Inc., a pay-at-closing home improvement tool for the real estate industry, announced the launch of its new mobile app. The app allows real estate agents and home sellers to get estimates for pre-listing home improvement costs and projected ROI. Agents and...
An uncle’s advice led Mark Cothran into the world of real estate

An uncle’s advice led Mark Cothran into the world of real estate

by Third Party | Feb 23, 2023 | Real Estate Agent Tools, Real Estate News

Source: Upstate Business Journal —  When Mark Cothran was 6 years old, his father Al, a former Air Force and commercial airline pilot, was killed in a training crash at an Army helicopter school in Texas. Years later, Al’s younger brother, John, gave Mark what...
HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans

HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans

by Rick Grant | Feb 22, 2023 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study

USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study

by Third Party | Feb 22, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

Source: FloodList —  A recent study has found that the housing market in the USA is overvalued by as much as $237 billion due to unpriced flood risk. The increasing cost of flooding under climate change has led to growing concerns that housing markets are...
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