Top Headlines
Joe Tyrrell Named CEO at Optimal Blue
Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software Inc. Continue Reading Joe Tyrrell Named CEO at Optimal Blue
Navigating 2024: Homeownership in a Changing Interest Rate Landscape
As we navigate the economic landscape of 2024, homeowners must be acutely aware of the changing interest rate environment. These rates directly impact mortgage payments, refinancing opportunities, and home equity, making it crucial for homeowners to stay informed and...
Howard Hughes Holdings Contracts Four Homebuilders for Arizona Planned Community
Howard Hughes Holdings Inc. (NYSE: HHH) announced the first four homebuilders for the launch of Teravalis, the company’s new 37,000-acre community in Arizona’s Phoenix West Valley. Brightland Homes, Courtland Communities, KB Home and Lennar will build the initial...
Amy Rasmussen Named Executive Director at IAAO
Rasmussen served on the IAAO board as a director and was the organization’s president in 2020. Continue Reading Amy Rasmussen Named Executive Director at IAAO
Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
President and CEO Brad Nordholm said, “Farmer Mac remains committed to developing a vibrant and liquid AMBS market.” Continue Reading Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
Homebuying Frenzy Continues Despite Obstacles
Source: Banker & Tradesman --- Wits’ End would make an appropriate name for a new subdivision in today’s wild housing market. While there’s not yet such a place on the map, many would-be buyers are quickly running out of patience. Their frustration is not...
Reverse Mortgage: Could Your Surviving Spouse Lose the House?
Source: Investopedia --- If your spouse took out a reverse mortgage and you aren’t on the loan—or if you know someone in this situation—you need to understand what rights you have and what rights you lack. Reverse mortgage laws for non-borrowing spouses can be...
Housing Market: Rising mortgage rates won’t lower home prices, as housing crisis looms
Source: Finger Lakes 1 --- Higher mortgage rates and a red hot housing market have brought challenges to residents in parts of the United States, but have done little to cool the market. For the first time since 2011 mortgage rates in the U.S. hit 5%. According to...
Here’s how much the same mortgage costs now, compared to last year
Source: CNBC --- Fewer people are shopping for homes, a sign that homebuyers are getting priced out of the market due to surging mortgage rates, which spiked to an average of 5% this week for 30-year fixed-rate mortgages. The fixed-rate mortgage rate jumped 0.28% in...
Housing Market Update: Demand Slips, Pushing More Sellers to Drop Asking Prices
Source: Redfin --- Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, the average 30-year fixed mortgage rate shot up to 5% and the median asking price climbed to $397,747, sending the typical homebuyer’s monthly...
7 Mortgage Hopes and Dreams That Are Completely Delusional Today
Source: Realtor --- Right now, mortgages are having a moment. With interest rates low yet rising fast, home loans are the hot topic du jour, and one that I, as a real estate agent, help homebuyers navigate daily. Still, just as both buyers and sellers experience...
Commercial Real Estate Prices Still Have Room to Run, According to First American Potential Capitalization Rate Model
Source: Finance Yahoo --- SANTA ANA, Calif., April 14, 2022--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of...
What would it take to crash the housing market?
Source: Housing Wire --- Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Can this last? No, it can’t. In time, markets always find balance and balance is a good thing. But, that doesn’t mean...
How to get yourself mortgage ready
Source: The Guardian --- Get a ballpark figure One of the first things you should do is get a realistic idea of how much you’re likely to be able to borrow so you can see if it is worth going ahead. This will depend on three main things: your income, your outgoings...
Will the middle class survive a nationwide housing shortage?
Source: USA Today --- In this current mad dash to find housing, the first 48 hours are proving to be crucial to either make or break a deal, especially for prospective middle-class homebuyers. Just ask Jonathan Sigrist and Krystal Dickison of Charlotte,...
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