Top Headlines
From Boardwalk to Quahog – The Op Games Releases Monopoly: Family Guy Edition
Players can choose from six collectible tokens including Rupert and Evil Monkey. Continue Reading From Boardwalk to Quahog – The Op Games Releases Monopoly: Family Guy Edition
Colorado Community College to Offer Online Introduction to 3D Homebuilding
The 30-hour certificate course carries a $250 tuition. Continue Reading Colorado Community College to Offer Online Introduction to 3D Homebuilding
Greystone Provides $19 Million in Bridge Financing for LA-Area Multifamily Property
The financing will fund the construction of 15 additional units in the building for a total of 133 units. Continue Reading Greystone Provides $19 Million in Bridge Financing for LA-Area Multifamily Property
Inflation Up in February – How Will That Impact Fed Rate Cuts?
“The heavyweight component of housing/shelter decelerated to 5.7%,” said NAR Chief Economist Lawrence Yun. Continue Reading Inflation Up in February – How Will That Impact Fed Rate Cuts?
Former Crypto Exec Zac Prince Becomes CEO at RE Cost Seg
Prince was formerly the founder and CEO of BlockFi, a cryptocurrency financial services business. Continue Reading Former Crypto Exec Zac Prince Becomes CEO at RE Cost Seg
Fear of even higher mortgage rates may be heating up winter homebuying
Source: CNBC --- Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home prices are still gaining, and winter is historically the slowest...
States and cities with the cheapest houses in 2022
Source: The Mortgage Reports --- As home prices keep climbing, many would-be buyers are looking outside their current ZIP codes for affordable housing. The good news is, home prices aren’t rising at the same pace everywhere. If you’re looking for affordable homes in...
Mortgage delinquency rate reaches prepandemic levels
Source: Housing Wire --- Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline...
Is it too late to refinance? With mortgage rates on the rise, here are your options
Source: CNBC --- For many homeowners, the pandemic offered an unprecedented opportunity to build wealth. Those opportunities still exist, even though they are getting harder to come by. Thanks to skyrocketing housing prices, the amount of home equity is at an all-time...
12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Source: Redfin--- One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency helped them save for a down payment. That’s up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019. This is according to a...
Domestic Sawmill Output Continues to Lag Home Construction
Source: NAHB Now --- With an historically low level of overall housing inventory and solid demand because of low mortgage interest rates and favorable demographics, new construction has been unable to add needed supply to the market because domestic production from...
Higher rates coming for high-balance and second home loans
Source: The Mortgage Reports --- The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as is...
Mortgage Rates Hit Highest Levels Since Spring 2020
Source: The Wall Street Journal --- U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs. The average rate for a 30-year fixed-rate...
Housing Market Update: Homebuyers Face Record Supply Shortage Heading into 2022
Source: Redfin --- The housing market started off the new year with fewer homes for sale than ever before, as active listings fell 27% from a year earlier. The number of newly-listed homes for sale fell 10%, but anecdotes from Redfin agents suggest that listings may...
Planning a Real Estate Play In 2022? Farmland May Be Your Best Long-Term Bet
Source: MoneyWise --- If you’re a commercial real estate investor, you’re already familiar with the sector’s appeal: Steady income, relatively low maintenance and long-term leases that cut down on the risk of vacancies. But you also know that now is not necessarily an...
