Top Headlines
Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
“We need to do a better job of passing on our heritage to younger generations,” she once observed. Continue Reading Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
Denver City Council Questions Mayor’s Proposed Sales Tax Hike to Fund Affordable Housing
If approved, the sales tax rate would face its eighth increase in 10 years. Continue Reading Denver City Council Questions Mayor’s Proposed Sales Tax Hike to Fund Affordable Housing
Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
The companies noted the settlements are not an admission of wrongdoing or liability. Continue Reading Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
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
Bridge to let: Everything you need to know
Source: Mortgage Introducer --- Bridge to let mortgages work well for homebuyers who would be unable to afford a property using a traditional mortgage. But what is bridge to let finance? Who does bridge to let work best for and what are the main advantages? Here is...
Fixed-rate mortgage bomb set to go off
Source: Elite Agent --- Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year. According to Finder, $29.8 billion worth of fixed-rate mortgages are due to expire by the...
Should I pay off my mortgage or use the money for a deposit on a second property?
Source: The Guardian --- Q I’m a 42-year-old full-time professional and in a rather fortunate but tricky situation, which I would like your help with. My seven-year fixed-rate mortgage is coming to an end on 2 May 2023, after which I am not sure whether I should...
The 7 Best Reverse Mortgage Alternatives
Source: Entrepreneur --- Reverse mortgages let older homeowners cash out their home equity without selling their residences or taking on debt payments. However, the loans have costs and eligibility restrictions that can cause other solutions to be more favorable. If...
Citi to Expand Program Making Homeownership More Attainable
Source: The Motley Fool --- Buying a home can be challenging for low- and moderate-income mortgage applicants for a number of reasons. First, those who don't earn a lot of money often struggle to come up with funds for a down payment. Also, mortgage applicants with...
Home prices are falling in these 98 major housing markets—only 50 markets remain at the peak
Source: Fortune --- Not long after mortgage rates spiked this spring, the U.S. housing market slipped into what the industry likes to call a housing recession. It means housing activity levels, like home sales, are contracting sharply. That’s hardly surprising:...
5 things to consider if you’re choosing between a 15-year and a 30-year mortgage
Source: CNBC --- One of the most important parts of taking on a mortgage to buy a house is making sure the terms of the loan best suit your financial needs. Not only does this involve securing the lowest interest rate possible, it also means choosing the right...
Liz Weston: Should you tap your home equity as real estate values rise?
Source: Oregon Live --- Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a...
‘Housing correction’ is coming. What homeowners, buyers and sellers should know.
Source: M Live --- Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon. Two-thirds of the nation’s largest housing markets are overvalued,...
Adjustable rate mortgages are back
Source: Maine Public --- ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable - at least at first - but they come with a big risk - that your mortgage payment might go up a lot in...
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