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Block by block: Blockchain technology is transforming the real estate market
Source: Cointelegraph --- Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry. According to a September...
Did Home Sellers ‘Miss the Peak’? A Startling Sign the Panic Is Real
Source: Realtor --- Today’s housing market is changing so fast, it’s hard to keep up. To help, we’ve kicked off “How’s the Housing Market This Week?” In this new series, we highlight the latest facts and figures to know right now. From the number of listings to home...
Think Home Prices Are Going To Fall? Think Again
Source: Keeping Current Matters --- Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the...
When does refinancing into a 15-year mortgage make sense?
Source: Bankrate --- Many homeowners choose to refinance from a 30-year fixed-rate mortgage to a fresh 30-year equivalent. While this can lower your monthly payment, it adds extra years to the total period of time you’ll be financing your home. That means you’ll pay...
Stock market activity ‘indicator’ of what will happen in real estate market: Expert
Source: Fox Business --- Luxury real estate agent Katrina Campins argued Wednesday that "the stock market is going to be an indicator of what happens in the real estate market." The Campins Company founder stressed clients have been impacted by the stock market,...
Wary builders fear new home buyers are being priced out
Source: Realty Biz News --- Builders fear that demand for new homes could be on the wane. As a result, they’re taking their foot off the gas in terms of production, wary that too many prospective buyers have been priced out of the market by rising costs. In June,...
10 Crucial Questions to Ask a Real Estate Agent When Selling Your Home
Source: Realtor --- Home prices have been on the rise since the COVID-19 pandemic hit. For proof, look no further than the current median home price—a whopping $450,000. That’s not just a high price, but a new record set in June. As a seller, you may be motivated to...
Can renters still become homeowners? This senator says it’s tough to see how they ‘will ever catch up’
Source: Marketwatch --- Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak picture lawmakers and housing experts painted of America’s renters at a congressional hearing Thursday. The...
Housing market chills as mortgage rates, prices scare buyers
Source: AP News --- NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then...
Homebuyer Competition Drops to Lowest Level in Over Two Years
Source: Redfin --- The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition...
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