Top Headlines
Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
The Presley family said the company planning the auction has no claim to the property. Continue Reading Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
VA to Publish Circular Addressing Buyer Commission Policy
The circular is planned to be issued by June 12. Continue Reading VA to Publish Circular Addressing Buyer Commission Policy
Church of Jesus Christ of Latter-day Saints Acquires Historic Kirtland Temple
“We are deeply honored to assume the stewardship of these sacred places, documents, and artifacts,” said Russell M. Nelson, president of the Church of Jesus Christ of Latter-day Saints. Continue Reading Church of Jesus Christ of Latter-day Saints Acquires Historic Kirtland Temple
HUD Allocates $10 Million in Grants to Housing Counseling Agencies
HUD said the funds will be used “to increase homeownership rates among historically underserved communities.” Continue Reading HUD Allocates $10 Million in Grants to Housing Counseling Agencies
Fed’s Powell: ‘Our Policy Rate is Likely at Its Peak’
“We understand that our actions affect communities, families, and businesses across the country,” he said. Continue Reading Fed’s Powell: ‘Our Policy Rate is Likely at Its Peak’
Housing starts and permits ruin Christmas for housing bears
Source: Housing Wire --- Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to...
What More First-Time Buyers Are Planning To Do To Become Homeowners
Source: Realtor --- First-time homebuyers are getting fed up with losing bidding wars—and many are taking steps to become more competitive in this cutthroat housing market, whatever it takes. Instead of giving up, more aspiring homeowners, who have been steadily...
Refi interest is down 41% from last year
Source: Housing Wire --- Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was...
Here’s Where Home Prices Are Headed in 2022, According To Experts
Source: Yahoo--- No doubt about it — the real estate market has been white hot in 2021. But if you didn’t make a move this year, and you’re thinking about buying or selling — or both — next year, you’ll want to know what to expect. As of Nov. 10, the 30-year fixed...
Inflation is hitting the 3 big areas of household budgets
Source: CNBC --- Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods and services. It jumped 6.8% in the year...
Can An Accountant Improve Cash Flow In Commercial Real Estate? You Bet Your Asset They Can
Source: Forbes --- You learn two things very quickly when you join a commercial real estate organization as an accountant. One, the glory belongs to the deal-makers. Two, nobody but another accountant cares about your elegant GAAP accounting skills. The driving...
Move over Fannie, the non-QM loan is in the fast lane
Source: Housing Wire --- In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand...
Two Reasons Why Waiting To Buy a Home Will Cost You
Source: Keeping Current Matters --- If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase...
Will we start 2022 with all-time lows in housing inventory?
Source: Housing Wire --- My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6.2 million, we could be at risk of housing inventory falling to such low levels that I would have to...
Fewer homeowners, more renters miss housing payments in the fall
Source: Scotsman Guide --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals....
