Current News & Events
Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
The City with the Highest Mortgage Delinquency Rate Is…
San Francisco and San Jose ranked at the bottom as the cities with the lowest mortgage delinquencies. Continue Reading The City with the Highest Mortgage Delinquency Rate Is…
January 2023 Real Estate Update
Source: Tysons Today --- The Washington metro area housing market had ground to a halt at the end of 2022, but in January, there was an increase in both buyer and seller activity that suggests that the market has bottomed out. Both pending sales and showing activity...
California home sales increase in January for second straight month as prices stabilize
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
Real Estate Startup zavvie Announces “zavvie Power Buyer,”
zavvie, a software technology company providing customized marketplaces for brokerage-wide buying and selling solutions, announces they have rolled out a new white-labeled solution for real estate brokers designed allow them to offer additional options to home...
Is the housing market recovering? Here’s why home builders feel ‘cautious optimism.’
Source: USA Today --- After every month in 2022 recorded a decline in builder confidence, could 2023 herald a change? It’s beginning to look that way. Builder confidence in the market for newly built single-family homes in February rose seven points to 42, marking a...
Raleigh is #1 hottest real estate market in the US, Durham is #3, according to 2023 rankings
Source: CBS17 --- RALEIGH, N.C. (WNCN) — Raleigh is currently the hottest real estate market in the country, according to a new ranking from the U.S. News & World Report. It said ‘hottest’ was measured by the basics of healthy demand, supply and financing options,...
The Top Real Estate Companies in the U.S.
Source: US News --- When you’re looking for a real estate agent to help you with your home purchase, sale or both, the individual matters, but the brokerage they work for can also make a difference. We’re taking a look at the most in-demand, major residential real...
8 Best Places to Live in Mexico, According to Real Estate Experts
Source: Travel + Leisure --- Mexico is the ultimate vacation destination, with thousands of miles of beaches, mouthwatering cuisine, fascinating culture, and traditions steeped in thousands of years of history. But our southern neighbor has become increasingly...
Will the Mortgage Third-Party Origination Channel Survive the Current Market?
Northpointe Bank, a regional bank headquartered in Michigan, has announced that they are closing their correspondent lending operations in April of 2023, and will shift their focus to retail lending, mortgage warehouse lending and specialty loan servicing. This...
Everything on demand: Trends influencing real estate and businesses
Source: J. P. Morgan --- As companies strive to meet consumers’ expectations for everything on demand, we’re seeing strategic shifts to optimize logistics from the warehouse to the front door. While these developments are often the hallmark of larger enterprises,...
Here’s how real estate escrow save you from scams
Source: CNBC TV18 --- Digital escrow is a secure and efficient online service for holding, releasing and managing funds and documents between two transacting parties. An escrow account enables an unbiased third party, i.e., the escrow agent, to secure money or assets...
