Top Headlines
Realtor Groups Fire REColorado Board for Opposing MLS Sale
REColorado is used for more than three-quarters of Colorado’s home sales. Continue Reading Realtor Groups Fire REColorado Board for Opposing MLS Sale
Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
Of the project’s 165 residential units, 33 would be reserved for lower-income households. Continue Reading Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’
“Citizens in a democracy also widely obey the law,” she said. Continue Reading Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’
Housing Economists Offer Mixed Views on Jobs Data
“Hey Joe! Where is the strongest jobs recovery in history??” wrote Dr. Anthony B. Sanders on his Confounded Interest blog. Continue Reading Housing Economists Offer Mixed Views on Jobs Data
Builders Publish 10-Point Plan to Address Housing Affordability Challenges
“The lack of homes is the primary cause of growing housing affordability challenges,” said NAHB Chairman Carl Harris. Continue Reading Builders Publish 10-Point Plan to Address Housing Affordability Challenges
First American: Potential home sales in June drops 2.5% monthly
Source: Scotsman Guide --- According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the company’s...
Why Pre-Approval Is a Game Changer for Homebuyers
Source: Keeping Current Matters --- If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is,...
Cash out refi vs. home equity loan: What you need to know
Source: Bankrate --- If you need cash and have a sizable amount of home equity built up, you may consider a cash-out refinance or a home equity loan. Both a cash-out refinance and a home equity loan allow you to borrow against your home’s equity, using your home as...
Wondering Where You’ll Move if You Sell Your House Today?
Source: Keeping Current Matters --- If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of...
What is going on in this market?
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Where to start. Where to start. If you are leasing now but still on the home hunt – great news if you work with a mortgage broker. We...
Homebuilder sentiment plunges in July as buyers pull back
Source: CNBC --- Confidence among builders in the nation’s single-family housing market fell in July to the lowest level since the start of the pandemic. The National Association of Home Builders/Wells Fargo Housing Market Index, a survey designed to gauge market...
A Record Share of Homebuyers Relocate As High Prices, Mortgage Rates Push Them Toward More Affordable Areas
Source: Redfin --- Homebuyers are seeking out less expensive locales like Tampa and San Antonio, partly because the surging cost of housing and other goods is limiting their ability to buy homes in many U.S. cities. A record 32.6% of Redfin.com users nationwide looked...
Homeowners who locked in low mortgage rates have one reason to ‘celebrate’ right now, economist says
Source: Marketwatch --- The government’s inflation numbers confirmed that the price of literally everything has gone up. But an economist said that there’s one group who actually may have benefitted from rising costs. Inflation may be at a 41-year high of 9.1% in...
Mortgage Rates in the US Restart Climb, Increasing to 5.51%
Source: Bloomberg --- Mortgage rates in the US rose, resuming an upward climb that threatens to further cool the housing market. The average for a 30-year loan jumped to 5.51% from 5.3% last week, Freddie Mac said in a statement Thursday. It’s up from 3.11% at the...
Mortgage rates rebound as US economy comes to grips with an ‘uncomfortable’ future
Source: Yahoo Finance --- After a two-week break, U.S. mortgage rates began climbing again this week, a new report shows. The higher 30-year fixed-rate mortgage is becoming yet another headwind for the shaky economy amid the Federal Reserve’s war on inflation. The...
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