Real Estate News & Insights
91-Unit Rental Home Community Opens in Edmonton
The Parkside North Townhomes were built on the former military base Griesbach Barracks. Continue Reading 91-Unit Rental Home Community Opens in Edmonton
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive
Source: Fox Business --- Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past...
Wonder How High Home Prices Can Go? Here Are America’s Most Expensive ZIP Codes in 2022
Source: Realtor.com --- With home prices setting record highs month after month—reaching a remarkable nationwide median of $405,000 in March—just about all homebuyers are grumbling these days that they can’t get a break. But if you’ve ever wondered just how high...
FHA gives investors cold shoulder on foreclosed properties
Source: Housing Wire --- The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically...
MILLENNIAL BUYERS VS. HOUSING MARKET: THE STRUGGLE TO FIND A HOME
Source: RisMedia --- The National Association of REALTORS® (NAR) has recently completed its long-running “Generational Trends” survey to provide intriguing information on the trends impacting home buyers and sellers by generation. Seeing how different generations...
Locked Means Locked
What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does that do? It lets the borrowers lock a rate in a rate for up to 90 days and then continue to shop for their homes. Continue Reading Locked Means Locked
Appraised Value vs. Market Value: They Are Not the Same!
By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315 | e: [email protected] There are multiple methods for determining a property’s value, including market value and appraised value. There are also numerous definitions of value conclusions...
TO BEST SERVE CONSUMERS, REALTORS® MUST HAVE THEIR OWN FINANCIAL HOUSE IN ORDER
Source: RisMedia --- A quick look at the U.S. housing market earlier this winter indicated some cooling from the early days of the pandemic. In February, the National Association of REALTORS® (NAR) reported that existing home sales were down 7.2%. This came on the...
NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year
Source: NAHB --- As part of The Nationals awards program, NAHB named Traditions of America in Berwyn, Pa., the Builder of the Year and Trilogy® in Country Pointe Plainview Madison in Plainview, N.Y., the For-Sale Community. The awards were presented during the 2022...
Housing Market Update: More Sellers Drop Their Prices, But Buyers Find Little Relief
Source: Redfin --- The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, up from 9% a year earlier. The 5.9% increase is the largest annual gain on record in Redfin’s weekly housing data back...
How to take advantage of rising interest rates
Source: CNN --- In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by half a percentage point -- the first hike of that magnitude in 22 years. While the US economy is still operating in a fairly low rate...
