Real Estate Industry News & Insights
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Walmart is now offering mortgages, but its typical shopper probably can’t afford today’s housing market
Source: Business Insider --- At Walmart, you can buy anything from a Golden Girls themed Chia Pet to ethically sourced dog nail polish – and now you can also get a mortgage. Lenders One Cooperative, a national alliance of independent mortgage bankers, banks and...
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC --- It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...
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A blockchain real estate Q&A: Todd Tramonte, real estate marketer and broker, talks about the intersection of land titles and technology
Source: WFAA --- DALLAS — On this week's episode of Y'all-itics, we spoke with a number of experts in the field of blockchain real estate in an effort to try and wrap our heads around the concept. One of our interview subjects was Todd Tramonte, one of Texas’ leading...
A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do
Source: Realtor --- If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer has...
Canada to Ban Foreigners From Buying Homes as Prices Soar
Bloomberg--- Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market. The measures will be contained in Finance Minister Chrystia Freeland’s...
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