Top Headlines
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
Survey: Most Americans Are Unwilling or Uncertain About Moving
70% said they were very satisfied with their property appraisal and 23% reported being somewhat satisfied. Continue Reading Survey: Most Americans Are Unwilling or Uncertain About Moving
Village Premier Collection Joins The Real Brokerage’s Private Label Program
The Atlanta-based Village Premier brings $665 million in annual home sales. Continue Reading Village Premier Collection Joins The Real Brokerage’s Private Label Program
Guest Opinion: What’s Next for the Federal Home Loan Banks?
“Forthcoming actions and public engagement in 2024 include clarifying the FHLBank System mission,” said FHFA Director Thompson. Continue Reading Guest Opinion: What’s Next for the Federal Home Loan Banks?
Backflip Closes $15 Million Series A Funding Round
The funding round comes after the company crossed $10 million in net revenue run rate. Continue Reading Backflip Closes $15 Million Series A Funding Round
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...
Portfolio mortgage lenders: What are they and how do you find one?
Source: Bankrate --- Portfolio lenders make loans in the usual way to consumers, but rather than sell the mortgages to agencies like Fannie Mae and Freddie Mac, they keep the loans on their books and often service them as well. Some 30 percent of all mortgages are...
These are the 5 markets where home sales are cooling fastest: Sellers need to be ‘realistic’ about price, says broker
Source: CNBC --- After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, real...
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