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Fewer people are taking out mortgages as interest rates increase
Source: Local News 8 --- Fewer people are taking out mortgages as interest rates increase Americans are taking out fewer mortgage loans as interest rates increase, a reflection of buyer uncertainty amid rising inflation, higher interest rates, and concerns about...
The Top Real Estate Companies in California
Source: US News --- California is not only diverse in terms of scenery and climate, but it's also diverse with regard to cost of living. The average California home value is around $717,000, according to Zillow. But depending on the area where you want to live, a...
How to Make an Offer on a House
Source: Point2Homes --- After a long search, you’ve finally found the home of your dreams. But, before you can relax, you need to make an offer that the seller won’t be able to resist. Making an attractive offer is crucial, especially in a hot market. There’s a good...
Best construction loan lenders in 2023
Source: Bankrate --- Most people can’t afford to design and build their own home or pay for major renovations out of pocket, which is why many lenders offer construction loans — shorter-term loans used to finance construction/rehabilitation of or addition to a...
Newmark Joins Rival Colliers in Expecting Real Estate Sales Declines Until Second Half of 2023
Source: CoStar --- Newmark executives said they expect property sales and financing placements to decline further in the first half of 2023 after a slow end to last year. The New York-based firm, the second major brokerage to post quarterly financial results this...
Housing market stabilizes as new home construction adds to inventory
Source: Fort Worth Report --- Price increases abating? Home inventory up? It all sounds good to many Fort Worth area Realtors, who are ready for a more stable housing market. ““We just finished going through a crazy 18 months or so where we had less than three...
China’s property crash is prompting banks to offer mortgages to 70-year-olds
Source: CNN Business --- The property market in China is so depressed that some banks are resorting to drastic measures, including allowing people to pay off mortgages until they are 95 years old. Some banks in the cities of Nanning, Hangzhou, Ningbo and Beijing have...
Seattle-based Zillow, Redfin post losses after housing market slowdown
Source: Seattle Times --- Seattle’s real estate tech companies are feeling the effects of the cooling housing market on their bottom lines. Despite cutbacks and layoffs in 2022, year-end earnings reports from Zillow and Redfin showed substantial losses and declines in...
Gangster Moll’s Beverly Hills Mansion Listed for Sale
Is it easier to sell luxury homes if they were once homes to infamous residents? What if they were murdered there? One real estate broker in Beverly Hills is about to find out. The home in question was not actually owned by Gangster Benjamin “Bugsy” Siegel, but...
RE/MAX: Home Price Appreciation May Have Stabilized
According to a new real estate sales report from RE/MAX, this month's gain in new listings was higher than any month last year, with the biggest month-over-month increase in 2022 occurring in March with a gain of 27.7%. The number of homes for sale was 59.4% higher...
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