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Rocket Mortgage Promoting Freddie Mac Affording Housing Produce in 10 Metro Areas
Rocket Mortgage has partnered with Freddie Mac to offer their BorrowSmart Access program. The Freddie Mac program can offer up to a $2,500 credit for first-time homebuyers to use toward their down payment. According to a Rocket Mortgage press release, its version of...
Utah Governor Considers Support of SB 271- Second Home Co-Ownership Bill
Pacaso, a real estate platform that helps people buy and co-own a luxury second home, celebrates a monumental moment for co-ownership with the passage of Utah SB 271. The passage of the bill, sponsored by Sen. Michael McKell and Rep. Val Peterson, means the...
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U.S. home prices see biggest monthly drop in 11 years. It’s weighing on homeowner wealth
Source: Deseret News --- After two years of runaway price growth, the U.S. housing market has hit a tipping point. Home price growth has been decelerating for months now as the U.S. market cools from the pandemic frenzy. But in July, that shifted to an actual decline...
US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin
Source: New York Post --- The housing market’s ongoing slowdown will continue through the end of the year as surging mortgage rates discourage prospective homebuyers, according to the latest analysis by real estate firm Redfin. Redfin noted a “nosedive” in...
Real estate: ‘Coastal markets are going to start declining,’ Fundrise CEO says
Source: Yahoo Finance --- SEANA SMITH: After a hot couple of years, the housing market finally cooling off, but that doesn't mean that there aren't opportunities to invest in this space. Ben Miller, the co-founder and CEO of Fundrise, joins us now. Ben, since the last...
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