Real Estate Agent Tools
Virtual mortgage closings took off during COVID-19. Why e-closings with online lawyers will soon be the norm
Source: The Globe And Mail --- If you’re a looking for a small silver lining in the global pandemic, you’ll find one in the way that COVID-19 inspired faster mortgage closings. When mass contagion made face-to-face lawyer visits less palatable, virtual closings took...
How much of your income should you spend on your mortgage?
Source: Money Mag --- Property prices may have started to retreat from their recent highs, but there's no denying that purchasing a home has become a more and more expensive undertaking in recent years. In fact, since June 2020, the average Australian mortgage...
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
In March, Chicago voters rejected a referendum on the so-called “mansion tax.” Continue Reading Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
PNC Bank to Double Branch Expansion Plans
These plans expand upon the 100 new locations and 1,200 branch renovations announced in February. Continue Reading PNC Bank to Double Branch Expansion Plans
Greenstone Partners Promotes Brewster Hague to Partner
Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has promoted Brewster Hague from senior director to partner. Continue Reading Greenstone Partners Promotes Brewster Hague to Partner
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Q3 Multifamily Property Developer Sentiment is Mixed
“We expect multifamily construction to remain weak for another year,” said NAHB Chief Economist Robert Dietz. Continue Reading Q3 Multifamily Property Developer Sentiment is Mixed
Federal Reserve Enacts Second Consecutive Rate Cut
The Fed said it “will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities.” Continue Reading Federal Reserve Enacts Second Consecutive Rate Cut
Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
According to Census Bureau data, 56.7% of Native American households owned their homes between 2015-2019. Continue Reading Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
California Housing Affordability Improved Slightly in Q3
State residents needed a minimum annual income of $220,800 to qualify for the purchase of an $880,250 statewide median-priced, existing single-family home. Continue Reading California Housing Affordability Improved Slightly in Q3
Mortgage Rates Up for Sixth Straight Week
The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7. Continue Reading Mortgage Rates Up for Sixth Straight Week
NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains
“Home prices remain on solid ground as reflected by the vast number of markets experiencing gains,” said NAR Chief Economist Lawrence Yun. Continue Reading NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains
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