Real Estate Industry News & Insights
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Rent Growth Is Slowing, and That’s Good News for Struggling Home Buyers and Renters
Source: The Motley Fool --- At a time when many consumers have been facing skyrocketing prices at the pump, supermarket, and just about everywhere, rents have been soaring, thereby adding to that burden. But Realtor.com just released some positive news regarding...
Why Redfin Stock Dropped Today
Source: Nasdaq --- What happened Shares of Redfin (NASDAQ: RDFN) fell on Wednesday after the real estate services company released some alarming housing data. As of 12:33 p.m. ET, Redfin's stock price was down more than 7%. So what Soaring mortgage rates drove home...
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FHA adds 40-year loan term to COVID-19 arsenal
Source: Housing Wire --- The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to...
Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’
Source: CNBC --- Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable. Builder confidence in the market for new single-family homes fell 2 points to 77 in April, according to...
Metaverse: How retail, real estate and hospitality could benefit
Source: Finance Yahoo --- Retail, real estate and hospitality are some of the industries which will encounter big opportunities for expansion in the metaverse, says one industry expert. “At the heart of what the metaverse stands for — it makes the internet more...
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