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Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Aron Puretz faces a maximum penalty of five years in prison. Continue Reading Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities
The campaign’s target audience includes “BIPOC, AANHPI, Hispanic, LGBTQ+, first-time, Veteran, and lower-income buyers.” Continue Reading Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers
Increased levels of natural disaster risks have prompted many insurers to stop doing business in Florida and California. Continue Reading Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers
Powell Backpedals on Rate Cuts, Citing Stubborn Inflation
Powell insisted rates would remain at their current 23-year high “as long as needed.” Continue Reading Powell Backpedals on Rate Cuts, Citing Stubborn Inflation
Wharton to Offer Course on Using Data Analytics for Real Estate Investments
The half-semester course titled “REAL 3700X: Real Estate Data Analytics” begins in the spring 2025. Continue Reading Wharton to Offer Course on Using Data Analytics for Real Estate Investments
U.S. Mortgage Industry Reacts to Federal Reserve’s FOMC Statement
Source: World Property Journal --- The Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni issued the following comments in reaction to the Federal Reserve's recent FOMC statement on monetary policy and the economy: "There were two items to watch from...
Century 21 CEO warns US didn’t ‘build enough homes’ for this ‘pent-up’ demand
Source: Fox Business --- Even though mortgage rates are rising at their highest pace since 1994, Century 21 CEO Mike Miedler argued that’s not the biggest problem facing the real estate market on "Mornings with Maria" Thursday. "Honestly, we just have not built enough...
As mortgage rates rise, here’s how to decide whether you should buy a home or rent
Source: CNBC --- It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the same...
‘The Pandemic Boom in Home Sales Is Over’: Mortgage Rates Soar to Highest Level Since 2009 as the Fed Pressures the Housing Market
Source: Realtor.com --- Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie...
Mortgage Rates Fall Slightly, Economic Data In Line With Expectations
Source: Zillow --- Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets. New home...
Here’s what the Fed’s half-point rate hike means for your money
Source: CNBC --- The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg McBride,...
Fed hikes benchmark interest rate by another 50 basis points
Source: Scotsman Guide --- The Federal Reserve has raised benchmark interest rates by 0.5 of a percentage point, the largest such increase in 22 years. The central bank announced the hike after the Wednesday meeting of its Federal Open Market Committee (FOMC) as the...
U.S. Home Price Growth Exceeds 20 Percent Annually in March
Source: World Property Journal --- According to CoreLogic's latest CoreLogic Home Price Index and Forecast for March 2022, U.S. home prices continued to post significant year-over-year gains in March 2022, up by 20.9%, another record high. Even with the past year's...
Opinion: Former Freddie Mac CEO lashes out at mortgage lenders
Source: Housing Wire --- Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. But what Mr. Layton has done is...
Mortgage Rates Started Higher, But Improved After Fed Announcement
Source: Mortgage News Daily --- Today brought the much-anticipated policy announcement from the Federal Reserve. Many people mistakenly believe that the Fed's present day decisions to hike/cut its policy rate (the "Fed Funds Rate") are important to financial markets,...
