Real Estate News & Insights
Fathom Holdings Acquires Start Real Estate
The financial terms of the acquisition were not disclosed. Continue Reading Fathom Holdings Acquires Start Real Estate
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Source: Redfin --- The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price data...
Top 3 Reasons Real Estate Is Fast Becoming Hollywood’s Favorite Side Hustle
Source: Forbes --- Ellen DeGeneres has had a few tough years that have culminated in her finalizing her decision to finally retire from the Ellen show. However, these struggles have not slowed Ellen down in other areas of her life, least of all her real estate...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
Layoffs at local mortgage lender highlight changing housing market, impact of high interest rates
Source: News 5 Cleveland --- STRONGSVILLE, Ohio — Strongsville-based Union Home Mortgage has announced an unspecified number of layoffs this week, joining the roster of other large mortgage lenders in recent days that have reduced their workforces amid declining...
The odds of a home price decline hitting your local housing market, as told by one interactive chart
Source: Fortune --- Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents. Historically speaking, that...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.
Source: Redfin --- Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock in....
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
Source: Construction Dive --- A recent lien law change in Texas makes a complex process easier and brings it closer to those in other jurisdictions, but local bottlenecks still loom, according to industry sources. “I think the legislature was trying to simplify things...
How Real Estate Investors Can Use AI For Market Analysis
Source: Realty Biz News --- Nowadays, no business is complete without taking advantage of artificial intelligence (AI) and machine learning (ML). Many companies have already begun to incorporate AI into their business models, from startups to well-established brands....
The Dream of Homeownership Is Worth the Effort
Source: Keeping Current Matters --- If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In...
Buying a Home As Is? Watch for These 7 Red Flags
Source: Realtor --- If you’re shopping in today’s uber-competitive housing market, you’ve likely seen homes listed as is for sale. And while you should approach any house being sold under this term with caution, buying a home as is doesn’t necessarily mean you’re...
