Top Headlines
Sen. Elizabeth Warren Demands Rate Cut from Federal Reserve
The Fed will announce its decision of rate levels on June 12 at 2:00 p.m. EDT. Continue Reading Sen. Elizabeth Warren Demands Rate Cut from Federal Reserve
NAMB and NAMMBA Team to Support Diversity in Mortgage Industry
“NAMB is committed to fostering a diverse and inclusive mortgage industry and homebuyers,” said NAMB President Valerie Saunders. Continue Reading NAMB and NAMMBA Team to Support Diversity in Mortgage Industry
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
Tim Ayres Named New Chairman for British Columbia Real Estate Association
The Sooke-based realtor has been on the BCREA board since 2020. Continue Reading Tim Ayres Named New Chairman for British Columbia Real Estate Association
Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
The bill was praised by National Association of Realtors President Kevin Sears. Continue Reading Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates
Source: Realtor.com --- Mortgage rates are at their highest level in more than a decade. Home buyers are fighting back. More borrowers are paying fees to cut their interest rates and making higher down payments to lower the amount they have to finance, lenders and...
Real estate expert on whether home prices could come down amid Fed rate hikes
Source: Fox Business --- First American Financial Corporation chief economist Mark Fleming discussed where he believes home prices are going amid expected rate hikes from the Federal Reserve as a way to tame surging inflation. Fleming, who leads an economics team...
The New Rules of What It’ll Truly Take To Save Up for a House Today
Source: Realtor.com --- If you’re saving for a down payment for a home—particularly your first—you probably know this is one tricky real estate moment. With inflation sending prices spiraling, mortgage interest rates ticking up, and biddings wars on homes more the...
Utah’s housing market is tough, but those with disabilities face additional barriers, advocates say
Source: Deseret News--- He said he hadn't known he could find assistance through his military benefits. The clinic restored him to health, but the help didn't end there. Another veteran got him approved for an apartment with a voucher, Ware said. Without the help,...
A more “normalized” housing market is on the horizon: NAR
Source: Housing Wire --- For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast region saw an...
US home prices rose by nearly 20% year-over-year in February
Source: CNN --- Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index. Phoenix, Tampa and Miami reported the highest year-over-year gains...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.
Source: Redfin ---Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock in....
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Source: Redfin --- The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price data...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
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