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’
Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
ew York Attorney General Letitia James threatened to seize Trump’s real estate assets if he failed to secure the bond. Continue Reading Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Trump appointed Powell in 2018 but quickly soured on him. Continue Reading Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Mark Tribuna Named Chief Operations Officer at Arrive Home
Tribuna was previously chairman and CEO of Nation One Mortgage Company. Continue Reading Mark Tribuna Named Chief Operations Officer at Arrive Home
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...
MILLENNIAL DEMAND IS DRIVING PRICES UP IN NEIGHBORHOODS WITH KIDS
Source: RISMedia --- With a record number of millennials set to reach key age milestones for homebuyers over the next two years, experts say this could push already accelerated price gains even further. This, according to a new report from Zillow that found home...
Why the blockbuster January jobs report means your mortgage and credit card payments will get more expensive
Source: Business Insider --- The January jobs report was hugely positive. Its effects on your debt won't be. Data published Friday showed the US adding 467,000 nonfarm payrolls last month, beating expectations and signaling the Omicron wave did little to slow the...
Housing Market Update: Expect Price Growth to Slow, Sales to Stay Flat as Mortgage Rates Approach 4% This Year
Source: Redfin --- Home-price growth, which has been in the double digits since Summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast by Redfin economists. Home sales are expected to remain relatively flat throughout...
Millions of Americans Have Discovered the Benefits of Multigenerational Households
Source: Keeping Current Matters --- If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or...
