Top Headlines
TV Host Tanya Memme Joins eXp Realty
Memme is a former Miss World Canada. Continue Reading TV Host Tanya Memme Joins eXp Realty
New Program Enables Tennessee High School Senior to Pursue Free Real Estate License
Students will have six to 12 months to complete their courses from their date of enrollment. Continue Reading New Program Enables Tennessee High School Senior to Pursue Free Real Estate License
Proposed Bill Would Increase Scrutiny of Real Estate Purchases by ‘Foreign Entities of Concern’
The legislation would also allow CFIUS to scrutinize existing real estate holdings. Continue Reading Proposed Bill Would Increase Scrutiny of Real Estate Purchases by ‘Foreign Entities of Concern’
RESAAS Debuts Real Estate Agent Advisory Board
The company is also planning to launch a Global Real Estate Agent Advisory Board focusing outside of North America. Continue Reading RESAAS Debuts Real Estate Agent Advisory Board
Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?
Ethereal causes like “corporate greed” have not caused inflation. Continue Reading Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?
How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?
Source: Realtor.com --- Homebuyers these days are one stressed-out group, and they have plenty of questions. They want to know how high mortgage rates will rise. How to win insane bidding wars. Whether to join the suburban rush or the big-city retreat. Whether the...
How much do you have to earn to afford Salt Lake County’s median-priced home?
Source: KSL.com --- SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The annual...
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?
Source: Realtor.com --- Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that the...
ATTOM: Foreclosure Activity Hit All-Time Low In 2021
Source: National Mortgage Professional --- Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million...
Rising mortgage rates could slow house price surge
Source: Axios --- Mortgage rates have jumped to their highest level since early 2020. Why it matters: The rising cost of home loans could slow the booming American market for residential real estate. State of play: Across the country, house prices have exploded over...
Housing Market Update: Home Prices Start New Year at New High
Source: Redfin News--- The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell to a...
Black Mortgage Applicants Denied 84% More Often than White Borrowers
Source: Zillow --- The Black homeownership rate has rebounded modestly from recent lows, but remains below its early 2000s peak as racial disparities in the mortgage and housing markets widened throughout the early part of the pandemic, according to a Zillow analysis...
Mortgage rates surge to highest level since May 2020
Source: Fox Business --- Mortgage rates surged at the start of 2022 to the highest level in nearly two years as markets reacted to the news that the Federal Reserve is considering raising rates soon, according to the latest data from Freddie Mac. The 30-year...
A pickup in purchases or a sales slowdown? Experts split on what to expect
Source: Scotsman Guide --- Will an influx of new inventory push home sales in 2022, or will falling affordability push buyers to the sidelines and dampen activity? A new Zillow poll has revealed that economists and housing industry observers are split on where the...
Purchase loans drive mortgage applications higher
Source: Housing Wire --- Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index,...
