California voters will have a chance this November to rewrite the state’s law relating to rent control. The proposed Justice for Renters Act was added to the statewide ballot as Proposition 33. The ballot initiative consists of a single sentence: “The state may not...
Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it...
Ameritex Homes has launched a “July Sales Event” with rate buydowns as low as 4.99% through a preferred lender and assistance with closing costs on its move-in ready homes across Texas. The limited-time offer is available for qualified buyers on select...
The Federal Housing Administration (FHA) published translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. The...
As we gather to celebrate the 248th anniversary of our nation’s independence this July 4th, I think it’s a great opportunity for us to reflect on the freedoms we cherish as Americans, especially the freedom we support in the real estate industry. I like to use...
A new data report by Redfin (NASDAQ:RDFN) tracking the four weeks ending June 30 has placed the median sales price at $397,954, an all-time high. This price is up 4.9% from one year ago, marking the largest annual increase since March. During the same period, the...
