Real Estate Agent Tools
Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates
Source: Redfin --- A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a staggering...
WHAT TO KNOW ABOUT AN OFFER TO PURCHASE IN REAL ESTATE
Source: RisMedia --- Buying and selling real estate is a big deal—and it can be a tricky to understand at times. That’s why it’s so important to have a clear understanding of the offer-to-purchase real estate form. This form can be a crucial part of the buying and...
Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor
This is the fifth criminal investigation involving the mayors and his allies. Continue Reading Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor
FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches
Marriott also agreed to pay a $52 million penalty to 49 states and the District of Columbia to resolve similar data security allegations. Continue Reading FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches
Justice Dept. in $6.5 Million Redlining Settlement with Credit Union
This is the DOJ’s first redlining settlement with a credit union. Continue Reading Justice Dept. in $6.5 Million Redlining Settlement with Credit Union
Leadership Change at Chicago Community Loan Fund
Bob Tucker will become CCLF’s next president, effective Jan. 1, 2025. Continue Reading Leadership Change at Chicago Community Loan Fund
NAR Asks Supreme Court to Review DOJ Probe
“Although a new administration is free to change the government’s policies, it is not free to repudiate the government’s contracts,” NAR said. Continue Reading NAR Asks Supreme Court to Review DOJ Probe
American Real Estate Association Seeks Input for Lawsuit Against NAR’s Clear Cooperation Policy
AREA said it was “standing up for homeowners’ rights and defending our profession.” Continue Reading American Real Estate Association Seeks Input for Lawsuit Against NAR’s Clear Cooperation Policy
Pending Sales Up in Mid-Atlantic Region
The $410,000 median sale price was up 6.4% from last September. Continue Reading Pending Sales Up in Mid-Atlantic Region
CoreLogic Debuts Araya, AI-Enabled Housing Data Platform
Araya is designed to assist in day-to-day decision-making as well as long-term, strategic planning. Continue Reading CoreLogic Debuts Araya, AI-Enabled Housing Data Platform
Mortgage Rates Up Sharply
The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. Continue Reading Mortgage Rates Up Sharply
Foreclosure Activity Down in Q3
A total of 87,108 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is down 2% from the previous quarter and down 13% from one year ago. Nationwide one in every 1,618 housing units had a...
