Real Estate Agent Tools
What to Do With an Underwater Mortgage
Source: US News --- An underwater mortgage, also called an upside-down mortgage, occurs when the loan's principal balance is higher than the home's fair market value, resulting in negative equity. In other words, a mortgage becomes underwater when you owe more than...
Most homebuyers don’t shop for mortgages: Zillow
Source: Fox Business --- When it comes to researching which purchases best fit their finances, buyers said they spent more time browsing for cars and vacations than they did mortgages, a recent survey by Zillow Home Loans said. Seventy-two percent of prospective...
Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets
“Orchard enables homeowners to meet their goals and get the best sale outcome,” said CEO Court Cunningham. Continue Reading Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets
NAR Announces Resolution with Phoenix Realtors Over MLS Access
NAR threatened to revoke the Arizona group’s charter. Continue Reading NAR Announces Resolution with Phoenix Realtors Over MLS Access
Report: 2024 Housing Market Gained $2.5 Trillion in Value
Major metros in the Northeast gained the most value in percentage terms in 2024. Continue Reading Report: 2024 Housing Market Gained $2.5 Trillion in Value
Tech Trends: Updates on the Data Center Sector
Four new data center projects expand the sector’s prominence. Continue Reading Tech Trends: Updates on the Data Center Sector
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
The company noted that properties sold for $500,000 or more accounted for 5.4% of its transactions in 2024. Continue Reading Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
Yardi Teams with SentiLink on Property Application Fraud Initiative
SentiLink technology will be integrated directly into Yardi’s ScreeningWorks Pro platform. Continue Reading Yardi Teams with SentiLink on Property Application Fraud Initiative
Mortgage Rates Inch Lower
The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20. Continue Reading Mortgage Rates Inch Lower
Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Currently, only one in every 14,668 homes across has been vacated due to foreclosure. Continue Reading Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Zillow: 62% of Black Buyers Purchased Their First Home in 2024
Zillow found that St. Louis was the most affordable housing market for typical Black households last year. Continue Reading Zillow: 62% of Black Buyers Purchased Their First Home in 2024
RE/MAX: New Listings and Inventory Up in January
The markets with the biggest year-over-year increase in new listings percentage were Seattle (+32.9%), Anchorage (+29.0%), and Des Moines (+28.4%). Continue Reading RE/MAX: New Listings and Inventory Up in January
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