Top Headlines
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
The depth and scope of at-risk properties equates to a combined reconstruction cost of $10.8 trillion. Continue Reading CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
Guest Opinion: Minimizing the Risk of Bank Failures
Weak banks can and often do survive and recover. Continue Reading Guest Opinion: Minimizing the Risk of Bank Failures
NAREB Seeks to Prepare Members for Changes to Real Estate Commissions
“NAREB recognizes that this settlement, if approved by the judge, will bring dramatic changes to our industry,” said Dr. Courtney Johnson Rose, the organization’s president. Continue Reading NAREB Seeks to Prepare Members for Changes to Real Estate Commissions
Virginia Housing Names Tammy Neale CEO
Neale replaces Susan Dewey, who retired from the Richmond-based housing authority at the end of 2023. Continue Reading Virginia Housing Names Tammy Neale CEO
Why is our industry still transferring money with paper checks?
Source: Housing Wire --- While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” This is especially true on the...
D.C. First-Time Home Buyer: 2022 Programs and Grants
Source: The Mortgage Reports --- What to know about buying a house in Washington D.C. Being a Washington D.C. first–time home buyer can seem like a daunting prospect; most homes in the District are eye–wateringly expensive. But there’s good news, too. You might be in...
U.S. Mortgage Delinquency Rates Drop in Late 2021
Source: World Property Journal --- Based on CoreLogic's latest monthly Loan Performance Insights Report for November 2021, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a...
How To Calculate Property Tax: What Homeowners Should Know About How to Estimate Property Taxes
Source: Realtor --- Need to know how to estimate property taxes? You’ve come to the right place! Most people know that homeownership requires coughing up copious amounts of money. There’s your mortgage, of course, but the costs hardly end there. You will also have to...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years
Source: World Property Journal --- National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer's agent...
COULD BITCOIN REAL ESTATE TRANSACTIONS BECOME MAINSTREAM?
Source: RISMedia --- With the rising normalization of cryptocurrencies in our marketplaces, it’s no surprise that crypto has found its way into real estate. In fact, the first commercial property in New York has been put on the market exclusively for Bitcoin—29...
What Is a Lien on a House?
Source: Point 2 Homes --- Understanding How Liens Work A property lien is a legal claim against a property, allowing the creditor to use it as collateral to collect what they’re owed if the debtor cannot make payments. Consider this common scenario to better...
Most Equity Rich Homes in 2021 Located in Western U.S.
Source: World Property Journal --- According to ATTOM Data's fourth-quarter 2021 U.S. Home Equity & Underwater Report, 41.9 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the...
Housing wealth is setting new records for both owners and sellers
Source: CNBC --- The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth. What they choose to do with it could have impacts on the broader economy. Annual home price gains averaged 15% in...
8 Simple Rules for Negotiating Your Offer and Getting That House
Source: Houselogic --- Here’s the dream: Your offer is perfect, you don’t need to negotiate, and you can spend the next few weeks addressing more pressing home ownership questions like, “Why is it called wainscoting?” and “Do I want a new couch in blush or emerald...
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