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Mauricio Umansky Sued for Alleged Misuse of Pandemic Relief Funds
The lawsuit is requesting that Umansky and The Agency pay equal to three times the amount of damages caused. Continue Reading Mauricio Umansky Sued for Alleged Misuse of Pandemic Relief Funds
Charles El-Moussa Named General Counsel at Midwest Real Estate Data
El-Moussa’s career included previous roles as president at Coldwell Banker Realty and general counsel and chief operating officer at RE/MAX in Texas. Continue Reading Charles El-Moussa Named General Counsel at Midwest Real Estate Data
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’
Among the top large cities for economic growth, the study ranked Mesa, Arizona, as the leader with a 38% GDP growth between 2018 and 2022. Continue Reading Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’
Realtor Groups Fire REColorado Board for Opposing MLS Sale
REColorado is used for more than three-quarters of Colorado’s home sales. Continue Reading Realtor Groups Fire REColorado Board for Opposing MLS Sale
Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
Of the project’s 165 residential units, 33 would be reserved for lower-income households. Continue Reading Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
Mortgage overpayments surge as borrowers fend off rising interest bills
Source: Financial Times --- Mortgage borrowers scrambled to pay down their housing debt after interest rates on home loans soared, with lump-sum repayments and redemptions jumping to £2.4bn in October last year from £1.7bn in the same month in 2021. The figures from...
Mortgage borrowing falls by £1bn as property market slowdown continues
Source: Money Week --- The latest data from the Bank of England (BoE) shows a growing number of people are questioning whether now is a good time to buy a house, adding more uncertainty to the property market’s outlook for 2023. The BoE’s Money and Credit report...
How soon can you refinance your mortgage?
Source: CBS News --- When you refinance your mortgage, you replace it with a new one. Sometimes, this allows you to get a lower rate or monthly payment, or it might also come with cash back, which you can use to cover home repairs or any other expense you might be...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
Source: Bankrate --- Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast on...
Most property investors are opting for one-year fixed mortgages – survey
Source: MPA Mag --- A number of property investors are choosing to suffer the short-term pain of fixing their mortgage rates for a year in anticipation of interest rates easing, according to a new survey. The latest Crockers-Tony Alexander Investor Insight found that...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
Source: CNBC --- Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years. While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually improving. The median...
DO POCKET LISTINGS BENEFIT SELLERS IN ANY WAY?
Source: Realty Biz News --- When buying or selling a house, you may hear real estate terms you're unfamiliar with. One such term could be a "pocket listing." When hearing this for the first time, it is not uncommon for consumers to ask what is a pocket listing in real...
‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’
Source: Yahoo! --- Mortgage rates have tumbled to their lowest level since mid-September, drawing eager homebuyers out of their winter retreats. “Home purchase demand is thawing from the months-long freeze that gripped the housing market,” says Sam Khater, chief...
What’s Next For UK Mortgage Rates?
Source: Forbes Advisor --- The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since 2008...
