Current News & Events
Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
Lenders repossessed 3,872 properties through completed foreclosures last month, up 32% from October 2024. Continue Reading Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
Wolf Valley Homes Launches Program to Encourage Homeownership for Veterans
“Many of our nation’s heroes struggle to find housing options that fit both their needs and budgets,” said Waldon Fenster, a representative of Wolf Valley Homes. Continue Reading Wolf Valley Homes Launches Program to Encourage Homeownership for Veterans
Where tighter monetary policy hits homeowners hardest
Source:Axios --- As central banks around the globe rapidly raise interest rates, policymakers outside the U.S. may find they pack more punch in terms of curbing demand. The reason boils down to the unique way Americans finance their homes. Why it matters: Americans...
Real Estate Entrepreneur Educates With Strategies For The Wholesale Market
Source: Forbes --- Financial literacy is a top priority for students looking to graduate high school prepared for real-world responsibilities. However, according to a CNBC report, there are no federal guidelines for teaching personal finance inside schools. While...
MLO recession survival guide Part 2: Buyers’ agents and underwater home sellers
Source: firsttuesday Journal --- Consumer mortgage originations plummet — so what now? The rapid mortgage interest rate hikes of 2022 caught homebuyers and sellers completely off balance. With prices toppling traditional sales volume and mortgage rates essentially...
Will 2023 Be a Good Year to Refinance a Mortgage?
Source: The Ascent --- When mortgage rates dropped to record lows in 2020, homeowners across the country rushed to refinance their loans. And many were able to reap a lot of savings in the process. But refinance volume has slowed down significantly this year, and for...
The 9 US cities where buyers have the best shot at scoring a home because home prices have dropped the most since the spring
Source: Insider --- Throughout much of the pandemic, rock-bottom mortgage rates, as well government aid meant to stimulate the US economy, spurred on an unprecedented home-buying bonanza. Enticed by the desire for larger living spaces and the ability live virtually...
Mortgage demand rises 2.2% as interest rates decline slightly
Source: CNBC --- Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most...
Regular homebuyers in Las Vegas and Phoenix stand a chance now that investors are fleeing pandemic boomtowns
Source: Insider --- Investors are retreating from pandemic boomtowns like Phoenix, Arizona and Las Vegas, Nevada as home prices continue to fall in those markets, according to a new analysis from real estate brokerage Redfin. Overall, investors purchased $42.4 billion...
ECHO offers lease incentives to real estate agents for placing homeless tenants
Source: Austin Monitor --- Real estate agents in Austin have an incentive to find market-rate homes for those experiencing homelessness, and help one of the city’s main homeless services nonprofits lower the number of people facing housing instability. Austin’s Ending...
When real estate agents fire clients
Source: The Real Deal --- Breaking up is hard to do. But even the most tolerant real estate agents reach their limits and have to bid farewell to a client from time to time, as three brokers shared in interviews with The Wall Street Journal. Compass agent Cindy...
How Real Estate Agents Are Using QR Code Technology To Simplify The Home-Buying Experience
Source: Forbes --- The popularity of QR codes have seen many ups and downs over the course of its almost 30-year existence, but with the need for contact-less menus and transactions during the pandemic, barcode technology is coming back in a big way. From...
