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Do you really need a real estate attorney? Here’s 3 times it’s worth it, and 4 times where you can skip it
Source: Yahoo --- Buying and selling property comes with a laundry list of expenses — home inspections, appraisals, insurance, property taxes, real estate agent commissions, lawyer costs, and more. These add up fast. Nobody likes spending more than they have to, and...
Black millennials are trying to close the gap in homeownership
Source: AFRO.com --- Millennial buyers are the primary driver of Black homeownership in the U.S. Housing market right now. Many are leaving rental life behind to purchase their first home or investment property in pursuit of having equity and building wealth....
Wells Fargo to pay $94M to settle mortgage forbearance suit
Source: Housing Wire --- Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. The plaintiffs argued that the San...
3 Steps to Stress-Free Home Buying
Source: The Motley Fool --- If you're buying a home, you're making one of the biggest financial commitments of your life. You want to be sure you're in the right place financially to do so -- and that you make smart decisions during the home-buying process. This can...
Adjustable-rate mortgages are on the rise as interest rates soar
Source: Billings Gazette --- As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an uptick in popularity recently as home shoppers, eager to avoid soaring...
Cash still king as nearly a third of homebuyers spurn costly mortgages
Source: Inman --- All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin.
Mortgages: Why Now is a Good Time to Buy a Home
Source: Fox17 --- If you’re in the market to find a new house, higher interest rates and prices may have you concerned. MSUFCU Chief Marketing Officer, Deidre Davis, talks about why it’s still a great time to buy a home and how you can prepare. According to MSUFCU,...
Real Estate Is About The Details: A New SaaS-Based Platform Provides Tailored Solutions
Source: Forbes --- In today’s “personalization first” era, when a company wishes to establish its market leadership, it starts by defining its customer base and catering to its needs, even if its operations are based on a B2B model. Effective personalization tools are...
American Psycho and the Fictions of Toronto Real Estate
Source: e-Flux Architecture --- Who can pick up the weight of Britain,Who can move the German loadOr say to French, here is France again?Imago. Imago. Imago.—Wallace Stevens 1. Canadian director Mary Harron shot the influential film American Psycho (2000) in downtown...
There’s an unusual thing happening in the housing market
Source: Bloomberg --- It’s no secret that the US housing market has been softening as interest rates rise at the fastest pace in decades. Higher mortgage rates mean the dramatic growth in home prices that we’ve seen over the past two years is beginning to slow. Sales...
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