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FTC to Refund $12 Million to Consumers in House Flipping Scheme
The company and its owners agreed to a settlement in February 2022. Continue Reading FTC to Refund $12 Million to Consumers in House Flipping Scheme
Federal Reserve Holds Rates Again
The central bank’s policy making Federal Open Market Committee declared the “economic outlook is uncertain.” Continue Reading Federal Reserve Holds Rates Again
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Nearly 30% of title insurers’ losses and claims expenses arose from title problems not discoverable from a public records search. Continue Reading Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Majority of Relocation Activity Points to Southeast
The most move-outs were from Los Angeles and the San Francisco Bay Area. Continue Reading Majority of Relocation Activity Points to Southeast
Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes
The relief grants are contingent upon the availability of funds. Continue Reading Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst surge of failures since 2008
Source: Yahoo --- The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap. And now we can add mortgage lender bankruptcies — and the rise (and fall)...
Want to Back Out of a Home Purchase? Here’s What You Need to Know
Source: Motley Fool --- At one point, the housing market was so hot and buyers were so desperate to purchase homes that they were willing to go to different extremes to get an offer accepted. Those included making offers without actually seeing homes in person and...
9 Steps to Getting the Perfect Mortgage as Rates Rise
Source: The Motley Fool --- During the heart of the pandemic, qualifying for an affordable loan was pretty easy for most home buyers. Rates repeatedly hit record lows and it was possible to get a 30-year fixed-rate mortgage for under 3.00% if you had reasonable...
Strong demand for mortgages
Source: Ekathimerini.com --- Demand for housing loans has continued unabated after the January-June semester, as after a long lull over previous years, households are scrambling to meet their housing needs while securing the long-term low fixed interest rates that...
What’s considered luxury real estate?
Source: Bankrate --- You’ve thumbed the glossary magazines, scanned the listings pics, binge-watched all the residential real estate shows. And still, you’re not sure what counts as luxury real estate, exactly. Is it a property priced at $1 million-plus? A home with...
US housing markets are slowing. Is Florida the exception?
Source: Tampa Bay Times --- After two years of near-nonstop growth, housing prices may have finally peaked in some U.S. cities, according to data from Florida Atlantic University. Still, experts predict that Florida’s real estate market will remain strong compared to...
Economist Joseph Stiglitz says there are 3 reasons why further Fed rate hikes might make inflation worse
Source: CNBC --- Federal Reserve officials have spent the last week indicating rate hikes will continue in order to bring down rising prices — but this risks intensifying inflationary pressures, according to a Nobel Prize-winning economist. “The real worry in my mind...
The U.S. housing market downturn will be worse in 2023, forecasts Goldman Sachs
Source: Fortune --- The U.S. entered into its first housing downturn of the post–Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.” The investment bank now...
Mortgage Rates Rise to 5.66%, Weighing on Housing Market
Source: US News --- WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from...
Fed seen sticking to interest rate hikes even as unemployment rises
Source: Reuters --- The Federal Reserve is seen sticking to sharp interest rate hikes in coming months to cool inflation, but rising U.S. unemployment and a slowdown in wage growth has traders betting that borrowing costs next year may not end up quite as high as...
