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US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates
Source: TDPel Media --- Consumer confidence in the US housing market reached a near all-time low in February due to a new surge in mortgage rates and growing anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index fell by 3.6 points to 58.0 in...
More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?
Source: Investing.com --- The U.S. housing market is currently the least affordable in at least 25 years. Affordability is, generically, the ratio of monthly income vs. the median price of a home. Essentially the degree to which a potential home buyer can afford the...
House Bill introduced in Texas Aims to Reduce Wait Times for Development Permits
A bill introduced in the Texas House aims to cut down on development permitting backlogs across the state by offering alternatives if local authorities don’t make a decision on them within a specific time frame. House Bill 14 would require regulatory...
Housing Rents Drop to Lowest Level in Over a Year
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
Gary Keller, Keller Williams Leaders Being Sued for Interference by Keller Williams Realty Market Center Leaders
In a lawsuit filed in Travis County, Texas, Colleen and Bart Basinski, owners of multiple Keller Williams Realty market centers under the BAZ Investment Group, allege Keller Williams leaders interfered with independently owned franchises, costing the Basinskis...
Realtor Organization Provides Background Searches as Member Benefit
The San Antonio Board of Realtors (SABOR) has signed a contract with Forewarn to make its background search services available to the 13,000+ members they serve throughout San Antonio and the surrounding area. The organization says the move will promote proactive real...
