Current News & Events
Knock Rolls Out New Bridge Loan Plus
The product supports a variety of loan programs, including VA loans, and carries a one-time 2.25% fee Continue Reading Knock Rolls Out New Bridge Loan Plus
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1
Source: Realtor --- The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report by Realtor.com® reveals...
Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
These 10 U.S. real estate markets are cooling the fastest: Here’s what to know if you’re a prospective buyer
Source: CNBC --- After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
CoreLogic: Delinquencies, foreclosures stay the course in ‘relatively solid’ housing market
Source: Scotsman Guide --- April marked one year and one month of delinquencies dropping on a yearly basis, with delinquent mortgages sliding 1.8% annually to 2.9% of all loans, according to CoreLogic’s latest Loan Performance Insights report. On a monthly basis,...
Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Source: Redfin --- Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start of the year....
Real Estate Markets Dictate Adding or Waiving Appraisals
Source: Realty Biz News --- When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. The offer will spell out all of the common terms and conditions such as the offer...
Homebuyers are canceling deals at the highest rate since the start of the pandemic
Source: CNBC --- Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report...
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Source: Yahoo Finance --- Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before. So why not a housing crash too? Americans who lived through the 2008 crisis may be...
Housing Market Competition in U.S. Eases This Summer
Source: World Property Journal --- Based on new data from national property broker Redfin, after years of tipping heavily in sellers' favor, the scales of the U.S. housing market are finally balancing out. Soaring housing costs caused many house hunters to drop out in...
The Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country
Source: Redfin --- Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market. Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San...
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