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Thinking of Buying? These Cities Are Among the Fastest-Cooling Housing Markets in the Country
Source: The Motley Fool --- As potential home buyers think twice about whether now is the right time to buy, sellers in some areas are dropping their prices. The red-hot housing market ushered in by the pandemic is now cooling. And according to Redfin, the areas of...
A lighthouse, a log cabin, and a schoolhouse: These quirky home listings cost less than the average home in the U.S.
Source: Fortune --- While the housing market is contracting and mortgage rates are jumping, the average home in the U.S. still cost over $440,000 in the second quarter of 2022, according to the St. Louis Fed. That’s not cheap—and homes that have their own unique look...
NAR Seeks Supreme Court Input to Stop DOJ’s Relaunched Probe
NAR plans to file a writ of certiorari to the Supreme Court by Oct. 10. Continue Reading NAR Seeks Supreme Court Input to Stop DOJ’s Relaunched Probe
District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
The four companies were accused of violating the District’s Consumer Protection Procedures Act. Continue Reading District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
Forecast: Global Real Estate Software Market to Grow by $7 Billion Through 2028
The market’s potential expansion is attributed in part to technology advancements, particularly with blockchain applications. Continue Reading Forecast: Global Real Estate Software Market to Grow by $7 Billion Through 2028
Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada
Zhixiong Marko Hu was wanted for first-degree murder in the death of Yuk-Ting (Anita) Mui. Continue Reading Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada
California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
It is uncertain if Gov. Newsom will sign or veto the bill. Continue Reading California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
Atlanta Fed Chief Recommends Waiting on Rate Cuts
The Fed has kept its policy rate in the 5.25%-5.50% range for more than year as a strategy to bring down high inflation. Continue Reading Atlanta Fed Chief Recommends Waiting on Rate Cuts
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.35% as of Aug. 29. Continue Reading Mortgage Rates Drop Again
Police Dispute Claims That Venezuelan Crime Gang Took Over Denver-Area Apartment Complexes
Aurora City Council member Dani Jurinsky stated the gang has taken over local several apartment complexes. Continue Reading Police Dispute Claims That Venezuelan Crime Gang Took Over Denver-Area Apartment Complexes
Pending Home Sales Plummeted in July
“A sales recovery did not occur in midsummer,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Plummeted in July
Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home
On the plus side, listings of starter homes were up nearly 20% year-over-year nationwide in July. Continue Reading Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home
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