Top Headlines
Chris Black Named CFO at Inside Real Estate
Black has more than two decades of CFO experience. Continue Reading Chris Black Named CFO at Inside Real Estate
MBA Names Owen Lee as 2025 Vice Chairman
Lee is CEO of Plymouth, Michigan-based Success Mortgage Partners Inc. Continue Reading MBA Names Owen Lee as 2025 Vice Chairman
Housing Costs Help Drive Up Inflation in Latest Consumer Price Index Data
“People keep telling me rents are falling, I keep saying they aren’t,” said financial commentator Mike “Mish” Shedlock. Continue Reading Housing Costs Help Drive Up Inflation in Latest Consumer Price Index Data
UWM Pushes Back at Hedge Fund’s Claims of Fraudulent Business Practices
The company denounced the attack as a “ridiculous article” with “obvious connections to Rocket Mortgage.” Continue Reading UWM Pushes Back at Hedge Fund’s Claims of Fraudulent Business Practices
The Real Brokerage in $9.25 Million Settlement of Commissions Lawsuit
The settlement does not require an admission of wrongdoing by the company. Continue Reading The Real Brokerage in $9.25 Million Settlement of Commissions Lawsuit
More than half of Americans say inflation may have a ‘big negative impact’ on long-term financial goals, survey finds
Source: CNBC --- Amid rising prices and a changing economy, many Americans question their ability to meet long-term financial goals, according to Country Financial’s Security Index. The survey polled 1,023 U.S. adults from March 18 to March 20, and more than half...
Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive
Source: Fox Business --- Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past...
Mortgage rate locks tumble amid sharp rate rise
Source: Housing Wire --- Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar volume...
Locked Means Locked
What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does that do? It lets the borrowers lock a rate in a rate for up to 90 days and then continue to shop for their homes. Continue Reading Locked Means Locked
Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise
Source: Mortgage News Daily --- It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from widespread...
Appraised Value vs. Market Value: They Are Not the Same!
By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315 | e: [email protected] There are multiple methods for determining a property’s value, including market value and appraised value. There are also numerous definitions of value conclusions...
NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year
Source: NAHB --- As part of The Nationals awards program, NAHB named Traditions of America in Berwyn, Pa., the Builder of the Year and Trilogy® in Country Pointe Plainview Madison in Plainview, N.Y., the For-Sale Community. The awards were presented during the 2022...
Housing Market Update: More Sellers Drop Their Prices, But Buyers Find Little Relief
Source: Redfin --- The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, up from 9% a year earlier. The 5.9% increase is the largest annual gain on record in Redfin’s weekly housing data back...
How to take advantage of rising interest rates
Source: CNN --- In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by half a percentage point -- the first hike of that magnitude in 22 years. While the US economy is still operating in a fairly low rate...
More Americans than ever say it’s not a good time to buy a home
Source: CNBC --- It is not exactly surprising, given the stunning jumps in both home prices and mortgage rates, but Americans have never been more bearish on buying a house. Just 30% of adults surveyed by Gallup said now is a good time to buy a home, down 23...
