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Latest mortgage news: After flirting with 6%, rates retreat
Source: Bankrate --- In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller?
Source: Realtor --- Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent...
Existing Home Sales Down 2.5%
First-time buyers were responsible for 26% of sales in August, matching the all-time low last seen in November 2021. Continue Reading Existing Home Sales Down 2.5%
Tech Trends: New Tools for Real Estate Investors
This week’s edition of Tech Trends focuses on new offerings aimed at real estate investors. Continue Reading Tech Trends: New Tools for Real Estate Investors
Year-to-Date Luxury Home Sales in Canada on the Rise
Luxury markets in the Prairie provinces recorded some of the largest year-over-year increases. Continue Reading Year-to-Date Luxury Home Sales in Canada on the Rise
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
The proposed development will include more than 400 apartment units on the tower’s uppermost floors. Continue Reading Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
Home Flipping Activity Down in Q2
The second quarter’s total is down by 8.7% in the first quarter and down by 7.9% in the second quarter of 2023. Continue Reading Home Flipping Activity Down in Q2
OceanFirst Bank in Redlining Settlement with HUD
OceanFirst will invest at least $14 million in a loan subsidy fund. Continue Reading OceanFirst Bank in Redlining Settlement with HUD
Pretium Names Mark Hudspeth as Head of Capital Markets
Hudspeth joins Pretium from Blackstone Real Estate, where he was a managing director from 2021-2024. Continue Reading Pretium Names Mark Hudspeth as Head of Capital Markets
AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
The Homes Act is Ocasio-Cortez’s second housing bill introduced this year. Continue Reading AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
Federal Reserve Announces 50 Basis Point Rate Cut
The new rate range is now at 4.75% to 5.0%. Continue Reading Federal Reserve Announces 50 Basis Point Rate Cut
Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
Sanjay Patel is scheduled to be sentenced on Dec. 12. Continue Reading Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
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