Top Headlines
United Real Estate Merges with Dallas-Based Brokerage
United Real Estate announced the merger of its Dallas-based division with REAL Dallas Properties & Management, a union that will add 70 agents to United's Dallas operations and expanding its North Texas presence to more than 800 agents. According to the companies,...
MBA: Home Equity Lending Volume Remains Relatively Flat
Total originations of open-ended HELOCs and closed-end home equity loans increased to $2.13 billion per company in 2023. Continue Reading MBA: Home Equity Lending Volume Remains Relatively Flat
Powell Reaffirms No Rate Cuts in the Near Future
“We’re just going to have to see where the inflation data fall out,” he said. Continue Reading Powell Reaffirms No Rate Cuts in the Near Future
Compass Adds Tennessee Brokerage Parks Real Estate
Parks Real Estate employs over 1,500 agents and generated $6.25 billion in 2023 transaction. Continue Reading Compass Adds Tennessee Brokerage Parks Real Estate
Ex-HUD Secretary Fudge Joins Taft Law Firm
Fudge will also serve as the law firm’s chairwoman of public policy. Continue Reading Ex-HUD Secretary Fudge Joins Taft Law Firm
Is a housing market crash on the way in 2022?
Source: AZ Big Media --- Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin....
What buyers and sellers need to know for a real estate recession
Source: Fox 5 Atlanta --- By now, you've probably heard that the economy is not in great shape. Inflation is at a 40-year high, interest rates have doubled since early this year, and real estate prices have literally gone through the roof. But what does this all mean...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts
Source: Storeys --- The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real Estate...
85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put
Source: Business Wire --- Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. With rates now at...
Here Are Today’s Mortgage Rates, September 20, 2022 | Rates Remain Above 6.3% Ahead of Fed Meeting
Source: Next Advisor --- Nearly two years have gone by with record-low mortgage rates. Now, 2022 has started off with rates rising higher than pre-pandemic levels. Don’t cancel your home purchase plans just yet. Even though rates are higher than they were last year...
Quantitative Easing’s Positive Legacy for US Mortgage Holders
Source: Advisor Perspectives --- As the Federal Reserve raises rates in an effort to stifle inflation, what are the implications for US mortgage holders? Thanks to the quantitative easing (QE) programs employed by the Fed after the global financial crisis (GFC),...
Housing inventory may not rebound for some time, despite slowing market
Source: Washington Business Journals --- Inventory has been a closely-watched metric of the U.S. housing market during, and leading up to, the Covid-19 pandemic.
Analysis-China’s mortgage boycott quietly regroups as construction idles
Source: Yahoo Finance --- BEIJING (Reuters) - Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more sites now threatens to intensify the boycott, despite assurances from...
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
3 Steps to Stress-Free Home Buying
Source: The Motley Fool --- If you're buying a home, you're making one of the biggest financial commitments of your life. You want to be sure you're in the right place financially to do so -- and that you make smart decisions during the home-buying process. This can...
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