Top Headlines
North Carolina Regional MLS Expands into Georgia
North Carolina Regional MLS (NCRMLS) has expanded into Georgia with the strategic additions of Savannah MLS, Athens Area Association of Realtors & Classic MLS, and the Realtors of Greater Augusta. NCRMLS is a wholesale cooperative multiple listing service used by...
Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Powell’s term concludes in 2026 and his seat on the Fed’s board of governors is secured through 2028. Continue Reading Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
District Court Judge Andrea R. Wood said the request was “neither necessary nor appropriate.” Continue Reading Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
The average Massachusetts home value is $612,509, up 8.7% over the past year. Continue Reading Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65
Jackson was a senior risk manager at Realty One Group. Continue Reading Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
Source: First Tuesday Journal --- More buyers backing out Real estate deals are faltering as home sales volume continues its downward path. In June 2022, roughly 60,000 home sales fell through nationwide, translating to 14.9% of homes under contract. This is the...
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
Source: Tennessee Lookout--- A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee...
Why the housing market is in recession in terms of sales — but not prices
Source: Deseret News --- July was an even more sluggish month for the U.S. housing market as sales of previously owned homes slipped by 6% from June and a whopping 20.2% year over year. Home prices are still high, though, with the median existing home sales price up...
Virtual mortgage closings took off during COVID-19. Why e-closings with online lawyers will soon be the norm
Source: The Globe And Mail --- If you’re a looking for a small silver lining in the global pandemic, you’ll find one in the way that COVID-19 inspired faster mortgage closings. When mass contagion made face-to-face lawyer visits less palatable, virtual closings took...
Mortgage rates drop amid signs that inflation may have finally peaked
Source: CNN --- Mortgage rates ticked lower last week, falling back toward the 5% mark following economic reports that indicated inflation might have finally peaked. The 30-year fixed-rate mortgage averaged 5.13% in the week ending August 18, down from 5.22% the week...
Paying too much for mortgage insurance You may have money eligible for claims
Source: Bolly Inside --- Thousands of Texans who overpaid their mortgage insurance are eligible for millions of dollars from the U.S. Department of Housing and Urban Development. That was a moment of happiness.Wendy Young found more than $1,700 of her money in a...
How much of your income should you spend on your mortgage?
Source: Money Mag --- Property prices may have started to retreat from their recent highs, but there's no denying that purchasing a home has become a more and more expensive undertaking in recent years. In fact, since June 2020, the average Australian mortgage...
How much are loyal borrowers missing out amid rate rises?
Source: Your Mortgage --- Homeowners who are not making any changes to their current home loans over the past few months could be missing out on potential savings. According to the Lendi Loyalty Index, banks are charging new customers rates that are 86bps lower than...
Staying defensive with dividends and real estate
Source: London South East --- Aug 16 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at [email protected] STAYING DEFENSIVE WITH DIVIDENDS AND REAL ESTATE (1220 EDT/1620...
Real Estate: Is It Better to Buy or Rent Your Home?
Source: The Street --- The answer isn't always simple and the current housing market has made the question one worth revisiting for many potential home-buyers. For the vast majority of Americans, a home stands as the largest purchase you will ever make. That's scary...
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