Top Headlines
Report: FBI Probing Rape Allegations Against Alexander Brothers
The brothers’ attorneys said they were unaware of any ongoing FBI probes. Continue Reading Report: FBI Probing Rape Allegations Against Alexander Brothers
Saint Paul Realtors Names Gabe Walsh as New CEO
Walsh succeeds John Fridlington, who passed away in January following a months-long bout with bladder cancer. Continue Reading Saint Paul Realtors Names Gabe Walsh as New CEO
Utah’s Capital Community Bank Acquires Security Home Mortgage
SMH will become an independently operated subsidiary division of CCBank. Continue Reading Utah’s Capital Community Bank Acquires Security Home Mortgage
Tibor Hollo, a Holocaust Survivor Who Changed Miami’s Skyline, Dies at 96
“You cannot do it alone,” he said about his success in real estate development. Continue Reading Tibor Hollo, a Holocaust Survivor Who Changed Miami’s Skyline, Dies at 96
NAR’s Sitzer/Burnett Policy Changes Moved to August
Originally slated for July, the policies will now go into effect on Aug. 17. Continue Reading NAR’s Sitzer/Burnett Policy Changes Moved to August
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
Don’t look now, but the housing market is slowing down. What it means for you
Source: Miami Herald --- The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a situation...
How the Fed’s escalating fight against inflation is hitting the hot housing market
Source: CNBC --- The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
Housing market enters recession territory. Here’s what that means
Source: Deseret News --- If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’...
Colorado, Utah, Idaho metros had the biggest share of sellers dropping home prices in June
Source: Fox Business --- A recent report by Redfin indicated over 25% of home sellers in three-quarters of metros tracked by the brokerage nationwide dropped their asking prices in June. In some areas, more than 60% of sellers dropped their prices which, according to...
Biggest Drop of The Week; Lowest Rates Since Early June
Source: Mortgage News Daily --- The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets...
Think Home Prices Are Going To Fall? Think Again
Source: Keeping Current Matters --- Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the...
When does refinancing into a 15-year mortgage make sense?
Source: Bankrate --- Many homeowners choose to refinance from a 30-year fixed-rate mortgage to a fresh 30-year equivalent. While this can lower your monthly payment, it adds extra years to the total period of time you’ll be financing your home. That means you’ll pay...
Mortgage Rates Hit 2 Week Lows
Source: Mortgage News Daily --- Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have an...
Can renters still become homeowners? This senator says it’s tough to see how they ‘will ever catch up’
Source: Marketwatch --- Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak picture lawmakers and housing experts painted of America’s renters at a congressional hearing Thursday. The...
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