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The Global Housing Market Is Broken, and It’s Dividing Entire Countries
Source: Boomberg --- Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions. It’s a phenomenon given wings by the pandemic. And it’s not just buyers — rents...
Defects decline as mortgage lenders self-correct
Source: Housing Wire --- Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management’s report published this week. This marks a notable improvement...
Real-Estate Agents Gear Up for Fight to Save Their Commissions
Source: The Wall Street Journal --- The residential real-estate industry is bracing for a challenge to the commissions charged by its sales agents, one that could put downward pressure on the fees paid by home buyers and sellers. The Justice Department is...
Multimillionaire real estate heir Robert Durst is convicted of murder in L.A.
Source: Reuters --- A California jury on Friday found multimillionaire real estate heir Robert Durst guilty of murdering his best friend Susan Berman in 2000, the first homicide conviction for a man suspected of killing three people in three states over the past 39...
New Mortgage Rule Aims to Stop Avoidable Foreclosures
Source: Investopedia --- The Consumer Financial Protection Bureau (CFPB) has announced a new rule to help prevent foreclosures in situations where they can be avoided. The new rule, which went into effect on Aug. 31, requires that most mortgage servicers help...
Fed Is Meeting As Inflation Slows—What That Means For Mortgage Rates
Source: Forbes --- Inflation is beginning to show signs of slowing, which means that the long streak of low mortgage rates is likely to extend into next year. So if you’re considering refinancing your home, this is still a good time to do so. Consumer prices—a key...
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