Top Headlines
Utah’s Sen. Lee Introduces Bill to Abolish the Federal Reserve
The bill does not specifically state which entity would take on the responsibilities carried out by the Fed. Continue Reading Utah’s Sen. Lee Introduces Bill to Abolish the Federal Reserve
Ocwen Financial Corporation Rebrands as Onity Group Inc.
The company’s common stock will begin trading on the New York Stock Exchange under the symbol “ONIT.” Continue Reading Ocwen Financial Corporation Rebrands as Onity Group Inc.
State Farm to Drop 72,000 Property Insurance Policies in California
The California Department of Insurance reacted to the news by raising concern about State Farm’s financial health. Continue Reading State Farm to Drop 72,000 Property Insurance Policies in California
Compass in $57.5 Million Settlement Over Commission Charges
HomeServices of America is the only major brokerage that has yet to announce a settlement. Continue Reading Compass in $57.5 Million Settlement Over Commission Charges
Bill Introduced to Remove Squatter Rights in New York
“We’re making sure squatters can’t take advantage of the law, that’s all we’re doing,” said Assemblyman Jake Blumencranz. Continue Reading Bill Introduced to Remove Squatter Rights in New York
Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.
Source: Market Watch --- Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according...
Real Estate newsletter: The ultimate home-buying guide
Source: Los Angeles Times --- Welcome back to the Real Estate newsletter. We have a big one for you this week. That’s because “The Great SoCal House Hunt,” our all-encompassing, step-by-step guide to buying your first home in Southern California, has published. Not to...
March 2022 Monthly Housing Market Trends Report
Source: Realtor --- Realtor.com®’s March housing data release reveals that the one-two-punch of rising interest rates and all-time high listing prices has moderated demand for homes. A decline in the churn of listings, consistent with recent slow-downs as reported for...
What is a housing bubble? Answering your questions as housing market spikes, raises concerns
Source: USA Today --- America's real estate market may be showing signs of a housing bubble as prices become “unhinged from fundamentals,” according to the authors of a blog post published by the Dallas Federal Reserve Bank. House prices can fall out of sync with...
Mortgages Rates Surge to Highest Since 2018
Source: The Wall Street Journal --- The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The 30-year fixed rate rose from 4.42% a week ago,...
Inside the government’s feeble fight to end redlining
Source: Housing Wire --- Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black neighborhoods. The federal government was for redlining before it was...
Should You Waive Contingencies To Win a Home? 4 Situations When It Might Be OK
Source: Realtor --- This is not an easy time for homebuyers. Simply put, housing inventory is at historic lows and home prices are at historic highs, resulting in one of the most competitive times to buy a house ever. This red-hot market has prompted many buyers to go...
How Skyrocketing Gas Prices Affect the Real Estate Market
Source: The Motley Fool --- Inflation's impact on energy costs was already being felt before the Russia-Ukraine conflict, but now new sanctions restricting the exportation of fuel are exacerbating the problem and causing gas prices to soar. While it may not seem like...
Condo Prices Jump to Record High as Buyers Seek Relative Affordability
Source: Redfin --- The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they’re a comparatively affordable option amid...
A decade’s difference: How the ordeal of buying a home in Nashville has changed
Source: Nashville Business Journals --- With rising prices, dwindling inventory and a seemingly endless supply of new arrivals, prospective homebuyers have reshaped the landscape of Music City’s housing market. Here's how the market has changed in the last decade. ...
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