Top Headlines
Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home
More than one in four (28%) said they would be willing to live in an area with a higher risk of natural or climate disasters. Continue Reading Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home
Report: GSEs Planning Tougher Rules on Multifamily Lenders
Fannie Mae and Freddie Mac together owned or guaranteed nearly 40% of the $2.2 trillion in multifamily mortgage debt. Continue Reading Report: GSEs Planning Tougher Rules on Multifamily Lenders
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Jackeline Estrada and her buyers amicably agreed to cancel the sale. Continue Reading Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Nearly 30% of title insurers’ losses and claims expenses arose from title problems not discoverable from a public records search. Continue Reading Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Majority of Relocation Activity Points to Southeast
The most move-outs were from Los Angeles and the San Francisco Bay Area. Continue Reading Majority of Relocation Activity Points to Southeast
10 Weird Facts About Home Mortgages
Source: The Motley Fool --- Mortgages have been in the news for the past few years, particularly during the initial phase of the COVID-19 pandemic when interest rates dove beneath the 3% mark. Today, they're in the news again as interest rates rise and home sales...
Mortgage Rates Rise Beyond 7% Barrier
Source: U.S. News --- Mortgage rates surged above the 7% threshold for the 30-year fixed mortgage term this week, according to Freddie Mac. This is the first time that average rates have entered 7% territory since early 2002. Interest rates also rose for the 15-year...
Why Are Mortgage Rates Going Up?
Source: Forbes --- By now you’ve probably seen that interest rates are on their way up. The Fed has been raising rates for a number of quarters now in an attempt to wind down the sky high levels of inflation. So far they’ve not had much luck on that front, but there’s...
Why Mortgage Rates Could Hold Steady After the Federal Reserve’s 0.75% Rate Hike
Source: Time --- The Federal Reserve once again hiked its benchmark interest rate this week, a fourth consecutive increase of 75 basis points. What does that mean for mortgage rates, which are already above 7% for the first time in 20 years? Maybe not much. “What’s...
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks
Source: Forbes --- The housing market is rebalancing after the most competitive and frenetic period in recent memory. The cooling trend that is engulfing the market is expected to continue with more cities seeing home prices decline by this time next year as the shift...
Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why
Source: Fortune --- The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors,...
Real estate consumers ‘got pretty spoiled’ from relatively low mortgage rates: Broker
Source: Yahoo!News --- My Southern View Broker Alyssa Hellman joins Yahoo Finance Live to discuss emerging housing markets, homebuyer responses to rising mortgage rates, and the outlook for demand in housing. Video Transcript [AUDIO LOGO] - Rising rates have led to...
3 Real Estate Market Predictions for the Rest of 2022
Source: The Motley Fool --- Nobody can know the future, but here are some things I could see happening. The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself included)...
Own a Home? Here’s How It Could Help You Get Through a Recession
Source: The Motley Fool --- You'll often hear that being a homeowner can lead to more financial stability. When you own a home and pay down your mortgage, you get closer to owning an asset whose value can grow over time. Plus, when you rent a home, there's always the...
Mortgages Are The Biggest Ripoff On Earth
Source: Surviving Tomorrow --- I got my first and hopefully last bank mortgage when I was nineteen years old. Despite not having a full-time job, me and a teenage buddy pre-qualified to borrow up to $250,000. We bought a fourplex, renovated it, and flipped it for a...
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