The Most Expensive U.S. Real Estate Sales For 2021
Source: Forbes --- A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States eclipsing the $100-million mark. As the pandemic continued, the ultra-wealthy...
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?
Source: Realtor.com --- Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that the...
Office Expansions in Big U.S. Cities Outpaced Contractions in 2021
Source: The World Property Journal --- According to new data from CBRE, companies stopped standing still in 2021 when it comes to long-term real estate decisions. Office-using companies in major U.S. markets shifted to more relocations and expansions in the first...
ATTOM: Foreclosure Activity Hit All-Time Low In 2021
Source: National Mortgage Professional --- Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million...
News/Current Events
Anxiety grips LOs as layoffs sweep the industry
Source: Housing Wire --- If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom...
Treasury cracks the whip on money laundering
Source: Housing Wire --- The U.S. government is laser-focused on uncloaking bad actors hiding behind shell companies to engage in money laundering and other illicit activities and is seeking to adopt new regulations to accomplish that goal — rules that will impact the...
Returns on home flips drop to lowest level since first-quarter 2011
Source: Scotsman Guide --- Home-flipping profit margins fell to their lowest point in nearly a decade as of third-quarter 2021, according to Attom Data Solutions’ newest U.S. Home Flipping Report. From July through September, 94,766 single-family houses and...
Paraplegic Real Estate Agent Tackles Housing Accessibility
Source: US News --- RICHMOND, Va. (AP) — William Sweeney began hatching an idea nearly 10 years ago after waking up from a medically-induced coma and learning he was a paraplegic. After various operations and months in rehabilitation, Sweeney needed a place to live...
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Industry Updates
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?
Source: Realtor.com --- Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that the...
Office Expansions in Big U.S. Cities Outpaced Contractions in 2021
Source: The World Property Journal --- According to new data from CBRE, companies stopped standing still in 2021 when it comes to long-term real estate decisions. Office-using companies in major U.S. markets shifted to more relocations and expansions in the first...
ATTOM: Foreclosure Activity Hit All-Time Low In 2021
Source: National Mortgage Professional --- Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million...
THE NEW RULES OF SAFETY: HOW TO PROTECT YOURSELF, YOUR CLIENTS AND YOUR BUSINESS
Source: RISMedia--- For real estate agents and their clients, safety should be a top priority. From protecting yourself during in-person showings to keeping your clients’ information safe on the information highway, learning, understanding and practicing the new rules...
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Mortgage Information
How much do you have to earn to afford Salt Lake County’s median-priced home?January 17, 2022
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?January 17, 2022
ATTOM: Foreclosure Activity Hit All-Time Low In 2021January 16, 2022
Rising mortgage rates could slow house price surgeJanuary 16, 2022
