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Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
3 Signs You’re About to Make an Offer on the Wrong House
Source: The Motley Fool --- Today's housing market is a difficult one for buyers. Not only are home prices still sky-high, but real estate inventory is extremely limited. That means buyers are increasingly having to make compromises to purchase a place of their own....
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
Ground Broken for New 770-Acre Master-Planned Community in Texas
The community will include approximately 2,400 single-family home lots. Continue Reading Ground Broken for New 770-Acre Master-Planned Community in Texas
Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy
If a buyer cannot be secured, Forever 21 will most likely be forced to shut down its entire 350-store chain. Continue Reading Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy
HUD’s Turner Cancels $4 Million in DEI Contracts
“DEI here at HUD is dead,” said Secretary Scott Turner. Continue Reading HUD’s Turner Cancels $4 Million in DEI Contracts
Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB
Musk did not immediately comment on the senators’ assertions and demands. Continue Reading Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB
California Home Sales Slumped in January
January’s statewide median price of $838,850 was down 2.6% from December’s $861,020. Continue Reading California Home Sales Slumped in January
Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper
Zillow found that remodeled listings on its platform generated 26% more daily saves. Continue Reading Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper
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