Top Headlines
Did a Russian Ransomware Gang Breach the Federal Reserve?
Cybersecurity experts are skeptical that any attack transpired. Continue Reading Did a Russian Ransomware Gang Breach the Federal Reserve?
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
If commission percentages dropped to 2%, then 79% of the companies in this analysis would be unprofitable. Continue Reading Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case
The company was the last defendant in the case to agree to a settlement. Continue Reading HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case
Rentec Direct Offers App for Rental Property Management
The app also facilitates prompt responses to urgent issues with push notifications for new work orders and text responses. Continue Reading Rentec Direct Offers App for Rental Property Management
Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
Income tax, housing costs, and costs of health care were cited in the study as being the largest drivers of outmigration. Continue Reading Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
Mortgages Update: Fifth Of Mortgage Payments At Risk
Source: Forbes UK --- One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners across...
VA loans: A complete guide to mortgages for eligible military veterans
Source: Bankrate --- For many people, buying a home requires a pile of cash, putting homeownership out of reach. However, for those who qualify because of their military service (or spouse’s military service), it’s possible to get help buying a home with little or no...
Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
Source: CNBC --- Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were,...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
Mortgage Rates Slightly Higher to Start The Week
Source: Mortgage News Daily --- Mortgage rates surged well into the 6% range last week before quickly cooling down after Wednesday's Fed announcement. The average top tier rate was nearly back below 6% by Friday. Today's market movement means that we'll need to keep...
Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates
Source: Redfin --- A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a staggering...
5 signs the housing market is starting to slow down
Source: CNN --- There is a shift happening in the housing market. After more than a year of soaring demand, exploding home prices and increasing real estate sales, the market finally seems to be cooling off. "The housing market isn't crashing, but it is experiencing...
ARMs return with lower rates: Should you get one to buy a home?
Source: Bankrate --- With mortgage rates trending up and home prices still climbing, more borrowers are looking to adjustable-rate mortgages. This type of mortgage can be a more affordable means to get into a home, especially as higher rates on fixed mortgages begin...
Here’s why this housing downturn is nothing like the last one
Source: CNBC --- As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this has people asking: Is today’s housing market in the...
4 Tips to Avoid Overpaying in Today’s Changing Housing Market
Source: Money --- Since the start of the coronavirus pandemic, homebuyers have grown accustomed to overpaying and playing a risky game of bidding wars and waived contingencies. In a recent survey by Money and Morning Consult, 36% of people who purchased a home in the...
