Real Estate Agent Tools
What kind of house can you buy for $250,000 or less in Florida? The range may surprise you
Source: Florida Trend --- A low inventory of homes for sale and low interest rates are fueling a fast-paced, red-hot housing market throughout Florida. Homes are lasting just days before a single offer beats out the rest. Sometimes, sellers don’t even have to list...
7 in 10 Home Buyers Still Face Bidding Wars in U.S.
Source: The World Property Journal --- National property broker Redfin is reporting that in May 2021 over 70% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April 2021. That's still up significantly from 52.7% in May...
Homepoint Sells Wholesale Business to The Loan Store
Homepoint will hold an equity interest in The Loan Store. Continue Reading Homepoint Sells Wholesale Business to The Loan Store
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
The Times did not include any input from mortgage professionals in its coverage. Continue Reading NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
Spotlight On: Thomas Ferrier and Tommie Mac Inc.
“We want to change the way homeowners are able to access the equity in their home,” said Thomas Ferrier. Continue Reading Spotlight On: Thomas Ferrier and Tommie Mac Inc.
New York City Leads Nation in Property Taxes
The only major metro where property taxes are lower than $1,000 a year is Birmingham. Continue Reading New York City Leads Nation in Property Taxes
California Homeownership Affordability Continues to Evaporate
A minimum annual income of $186,800 was needed to qualify for the purchase of a $822,320 statewide median-priced, existing single-family home in 2022. Continue Reading California Homeownership Affordability Continues to Evaporate
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
$339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
The states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%). Continue Reading $339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
Will Continued Financial Stress on Americans Drive Down Home Sales?
A study published in February by PYMNTS determined that 62% of American adults are living a paycheck-to-paycheck existence. Continue Reading Will Continued Financial Stress on Americans Drive Down Home Sales?
Mortgage Applications Down 4.1%
“Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season,” said MBA Chief Economist Mike Fratantoni. Continue Reading Mortgage Applications Down 4.1%
Study: LGBTQ and BIPOC Buyers Face Greatest Obstacles to Homeownership
Realtor.com also found that LGBTQ+ and BIPOC buyers are 1.7 times more likely to have been denied mortgages two or more times. Continue Reading Study: LGBTQ and BIPOC Buyers Face Greatest Obstacles to Homeownership
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