Real Estate News & Insights
Florida Lawmaker Introduces Bill That Eliminates Nearly All Property Taxes
The bill is now before the Select Committee on Property Taxes. Continue Reading Florida Lawmaker Introduces Bill That Eliminates Nearly All Property Taxes
Mortgage Cadence Acquired by Enterprise Software Group PartnerOne
The terms of the deal were not disclosed. Continue Reading Mortgage Cadence Acquired by Enterprise Software Group PartnerOne
Real Estate Squeeze: Rising Interest Rates and Stubborn Sellers Price Out Middle Class Homebuyers
Source: Yahoo --- SCOTTSDALE, Ariz., September 13, 2022--(BUSINESS WIRE)--HomeLight, the real estate technology platform powering the nation’s best agents, published its Fall 2022 Top Agent Insights Report, featuring findings from a survey of over 1,000 of the top...
The biggest Fed rate hike in 40 years? It could be coming next week.
Source: Market Watch --- Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40...
Thinking About Rolling Closing Costs Into a Mortgage? Consider These Pros and Cons
Source: The Motley Fool --- When you purchase a home you are going to have to pay closing costs. These are fees for things like mortgage origination and transfer taxes. And they can be quite expensive. In fact, you can expect to pay around 2% to 5% of the value of the...
Wealthy homebuyers flash cash as mortgage rates climb
Source: Chicago Business --- Nearly one-third of U.S. homes sold in July were all-cash deals, with Long Island and West Palm Beach topping the list. Here's where Chicago and Milwaukee figured in the ranking. (Bloomberg) — Wealthy homebuyers are charging in with...
Mortgage Rates Spike Again to Highest Levels Since 2008
Source: US News Money --- Mortgage rates surged higher this week, according to Freddie Mac, continuing a monthlong trend of rate increases. The average interest rate on a fixed 30-year mortgage is the highest it's been since 2008, at 5.89%. For the 15-year fixed...
Bank of America CEO pushes back on criticisms of zero-down mortgages for minority communities
Source: Fox News --- North Carolina-based Bank of America recently came under fire over a reported plan to offer zero-down mortgages in minority communities, with some critics lodging complaints over the racial aspect, while others warned it reminded them of the...
Rockford, several Illinois cities round out bottom of US housing market top 300 list
Source: Rockford Register Star --- The Forest City ranks 294th out of the nation’s top 300 real estate markets, according to a study conducted by the personal finance website WalletHub. While putting together the list, WalletHub examined 17 key indicators, including...
Will Real-Time Technology Forever Change Real Estate?
Source: Arch Daily --- The real estate industry moves fast. It wasn’t so long ago that potential buyers narrowed their searches by driving around with a sheaf of printed listings, and designers and builders relied on CAD drawings and artist renderings to show...
Average interest rate for 30-year fixed-rate mortgage hits 6% for first time in 14 years
Source: Fox Business --- The average interest rate for 30-year fixed-rate mortgages hit the 6% mark for the first time in 14 years, according to a Mortgage Bankers Association (MBA) survey released Wednesday. The MBA's latest Weekly Mortgage Applications Survey found...
Are we seeing a mortgage rate lockdown?
Source: Housing Wire --- The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because we...
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