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US home prices slide in November for fifth straight month

US home prices slide in November for fifth straight month

by Third Party | Feb 2, 2023 | Real Estate News, U.S. Housing Market

Source: Fox Business —  Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023

Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023

by Third Party | Feb 2, 2023 | News/Current Events, U.S. Housing Market

Source: ABC 5 News Cleveland —  CLEVELAND — It is no secret that Cleveland rocks. Just ask anyone who lives here. But our hometown is in the national spotlight earning top marks when it comes to the real estate market and people looking to buy a home. Real...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?

Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?

by Third Party | Feb 2, 2023 | Mortgage Information, U.S. Housing Market

Source: Bankrate —  Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market

Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market

by Third Party | Feb 1, 2023 | Real Estate News, U.S. Housing Market

Source: Tampa Bay Times —  This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have...
What is TRID in real estate?

What is TRID in real estate?

by Third Party | Feb 1, 2023 | Real Estate Agent Tools, U.S. Housing Market

Source: Bankrate —  Buying a home is a lot of things: exciting, daunting, anxiety-inducing. But there’s one thing it’s usually not: easy. That’s particularly true if you need to finance your purchase with a mortgage. Getting a handle on home-loan jargon can feel...
Feds raises rate a quarter point, inflation still a concern

Feds raises rate a quarter point, inflation still a concern

by Staff Writer | Feb 1, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
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