Top Headlines
Harris Pledges to Build 3 Million New Homes if Elected
The Democratic presidential nominee is only now offering a glimpse into her economic proposals. Continue Reading Harris Pledges to Build 3 Million New Homes if Elected
NAR Rival American Real Estate Association Begins Membership Drive
“We’ve been busy behind the scenes these last few months building the foundation for your new trade association,” said the co-founders in their email alert. Continue Reading NAR Rival American Real Estate Association Begins Membership Drive
Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill
“I’m just glad to know that it’s out,” said Gov. Healey. Continue Reading Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill
James Noel Named President of Development at The Franklin Johnston Group
Noel joined TFJG in 2017 as senior vice president and general counsel. Continue Reading James Noel Named President of Development at The Franklin Johnston Group
NYC Reopens Section 8 Housing Wait List After 15-Year Closure
“Addressing our city’s housing crisis means using every tool our city has,” said Mayor Eric Adams. Continue Reading NYC Reopens Section 8 Housing Wait List After 15-Year Closure
Are You Earning More in Your Savings Than What You’re Paying on Your Mortgage?
Source: The Ascent --- You'll often hear that it pays to pump extra money into your mortgage if you're able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be earning more...
In tough housing market, mortgage rate buydowns gain momentum
Source: Bankrate --- Amid higher mortgage rates and a cooling housing market, some home sellers are wooing buyers with a freshly popular incentive: paying for a temporary reduction to the buyer’s mortgage interest rate. Why are buydowns popular now? In one common...
Where tighter monetary policy hits homeowners hardest
Source:Axios --- As central banks around the globe rapidly raise interest rates, policymakers outside the U.S. may find they pack more punch in terms of curbing demand. The reason boils down to the unique way Americans finance their homes. Why it matters: Americans...
Why Owning Real Estate in Retirement Is a Good Idea
Source: Crossroads Today --- Owning rental real estate can be a good idea, no matter what age you are. But owning real estate in retirement can be extra advantageous because it can help you diversify your retirement income while also padding your retirement savings....
MLO recession survival guide Part 2: Buyers’ agents and underwater home sellers
Source: firsttuesday Journal --- Consumer mortgage originations plummet — so what now? The rapid mortgage interest rate hikes of 2022 caught homebuyers and sellers completely off balance. With prices toppling traditional sales volume and mortgage rates essentially...
Morgan Stanley slashes its U.S. housing market outlook—here’s where it sees the home price correction going in 2023
Source: Yahoo! --- On a national basis, home prices fell 1.3% between June and August. That marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It's more than just a small dip, it's a trajectory shift. At least that's...
High mortgage rates send homebuyers scrambling for relief
Source: KAGS TV --- LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over...
Mortgage rates fall for the second week in a row
Source: CNN --- Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the...
Mortgage demand rises 2.2% as interest rates decline slightly
Source: CNBC --- Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most...
The Housing Market is Worse Than You Think
Source: Advisor Perspectives --- Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. What I am about to share with you is an excerpt from a fall letter I wrote to IMA clients. It is...
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