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Here’s why US homes were pulled off market at a record pace last month
Source: New York Post --- US listings of home for sale got pulled a record clip in November because of a major freeze in the market that surprised sellers, according to a recent report by real estate firm Redfin. An average of 2% of US homes up for sale were delisted...
As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform
Source: TechCrunch --- The property industry now requires high-quality photographs, floor plans and virtual tours, so the industry for software providers in the space is booming. The whole area was accelerated during the pandemic, when many property viewings migrated...
OneTrust Home Loans: About HECM reverse mortgages
Source: The Sentinel-Record --- What is a HECM reverse mortgage? Home Equity Conversion Mortgages, also known as reverse mortgage loans, were created more than 25 years ago to help Americans age 62 and older convert a portion of their home equity into tax-free money....
Most Affordable Housing Market In America
Source: 24/7 Wall St --- The housing market’s days of increasing prices every month are over. A two-year period when home prices rose by 20% each month year over year has been undermined by high mortgage rates that have doubled to about 6%. Affordability, defined...
9 Most Common Benefits of Homeownership
When it comes to buying a home, there are numerous perks that you should consider—financial stability, financial strength, and tax deductions, to name a few. Also, owning a house means you have a permanent home and, most importantly, a sense of belonging in your...
Mortgage repayments weighing heavily on borrowers, research shows
Source: MPA Mag --- Almost half of people worry about their mortgage repayments, with a staggering 42% admitting they don’t have any savings to fall back on should they get into financial trouble, according to research by MetLife. The 12-page report carried out by...
