Top Headlines
Deal Announced to Sell REcolorado MLS to Private Equity-Backed LLC
The Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) have signed a letter of intent to sell REcolorado, their multiple listing service (MLS), to a newly formed limited liability company (LLC) backed by a private equity...
Justin Timberlake Sells 127-Acre Tennessee Property at Discount
The singer/actor listed the property last summer for $10 million. Continue Reading Justin Timberlake Sells 127-Acre Tennessee Property at Discount
Joel Sebree Resigns as CEO at California Association of Realtors
Debra Ferrier, currently CEO of CAR’s for-profit subsidiary Real Estate Business Services, will serve as interim CEO. Continue Reading Joel Sebree Resigns as CEO at California Association of Realtors
NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case
Letitia James claimed Knight Specialty Insurance Company was a “small insurer that is not authorized to write business in New York.” Continue Reading NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case
Biden Awards $7 Billion for Residential Solar Projects
The administration stated more than 900,000 households will be impacted by the grants. Continue Reading Biden Awards $7 Billion for Residential Solar Projects
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...
How will the Fed interest rate hike affect you?
Source: The Daily News Online --- (TNS) – Consumers are already paying more for gas, groceries and everyday items, but they should expect to fork over more in other parts of their lives after Wednesday’s interest rate increase. The Federal Reserve’s move to rein in...
43% of homeowners have delayed home improvements and maintenance due to inflation. Here’s why that’s risky
Source: CNBC --- For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising...
Surging mortgage rates hitting first-time homebuyers ‘the hardest’: Real estate expert
Source: Fox Business --- While the real estate market shows signs of cooling down after the 30-year fixed mortgage rate hit its highest level since 2008, one expert issued a timely warning to first-time homebuyers: "We've seen rates even above 6%, and it's really...
Housing market slows retreat from rising seas, bigger storms
Source: AP --- Chuck and Terry Nowiski lived in their country-style farmhouse with a wrap-around porch for 36 years before it flooded. After hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy their place and tear it down. Nearly three years...
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