Real Estate News & Insights
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Institutions Increase Target Allocations To Real Estate
Source: Business Plus --- Institutions continue to increase target allocations to real estate, with the expectation that attractive buying opportunities will emerge over the next several years. That’s according to the 10th annual Institutional Real Estate Allocations...
Fed’s Mester wants more progress on inflation before ending interest rate hikes
Source: CNBC --- Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central...
Despite Recent Dip in Mortgage Rates, Uncertainty Stalls the U.S. Real Estate Market
Source: Mansion Global --- Fluctuations in mortgage rates—combined with the ups and downs of the stock market—are creating uncertainty for both buyers and sellers, thus stalling home sales in the U.S., according to Realtor.com. Mortgage rates fell by nearly 50 basis...
Real Estate Trends: Why Did Mortgage Rates Suddenly Drop?
Source: Forbes --- Key Takeaways Rates for 30-year fixed rate mortgages dropped below 7% the first week of November. Rates have been moving higher for most of 2022, rising from around 3% to over 7%. More inflation and economic data needs to be released to know if...
‘Who has the power in today’s housing market?’ Local real estate experts weigh in
Source: KREM 2 News --- SPOKANE, Wash. — It can feel like the housing market is constantly changing. Taking a snapshot of the market in both eastern Washington and north Idaho Fall 2022, who do realtors say is on top? Buyers or sellers? Our local real estate...
37% of real estate agents in the US couldn’t afford to pay their rent in October — another bad sign for the housing market. Here are 3 key takeaways for sellers right now
Source: Yahoo! --- As of September, the number of newly listed homes had dropped 20% from the year before and homes are lingering on the market for 32 days — 13 more days than the year before, according to analysis from Redfin. But if you need yet another sign the...
NAR names Utah Realtor as 2023 president
Source: Atlanta Agent Magazine --- The National Association of REALTORS® named Spanish Fork, Utah, Realtor Kenny Parcell as its 2023 president at the NAR NXT convention in Orlando, Florida, this week. Parcell, who is preceded by 2022 President Leslie Rouda Smith, is...
Evidence Builds For Painful Housing Recession
Source: Forbes --- Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in the wrong direction, and mortgage rates have risen back to levels from before the financial crisis. How bad will the housing market get? Falling...
‘Zombie Debt’: Homeowners face foreclosure on old mortgages
Source: Centre Daily Times --- Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home...
Real estate market in Austin dominated by international buyers, says new report
Source: Fox 7 News --- AUSTIN, Texas - The Austin real estate market has been very hot over the last couple of years, and that's especially true when it comes to international home buyers. A new report showing more and more people from around the world are buying...
