Top Headlines
GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
The lawmakers said the proposal would turn Freddie Mac “into a massive consumer loan guarantor.” Continue Reading GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed
Hammack will succeed Loretta J. Mester, whose tenure ends on June 30. Continue Reading Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed
Premiere Plus Realty Teams with United Real Estate
PPR produced over $3.29 billion in annual sales volume and 5,004 transaction sides in 2023. Continue Reading Premiere Plus Realty Teams with United Real Estate
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals
“I know the cost of housing is so important to you,” said Biden during his State of the Union. Continue Reading Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals
Real Estate Brokerage DOSS Announces Franchise Rollout Promotion
According to the company, the $15,000 franchise fee will be waived for the first 20 franchises that are awarded. Continue Reading Real Estate Brokerage DOSS Announces Franchise Rollout Promotion
Mortgage apps up 2.3% with new record average loan size
Source: Housing Wire --- Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9% from...
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Source: Redfin News --- Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in November, but up from 54% in December 2020. An offer is considered part of...
Rising mortgage credit availability to help offset rising rates
Source: WTOP News --- Banks and other lending institutions clamped down on lending standards when the pandemic hit, but mortgage credit availability has been easing in recent months. The Mortgage Bankers Association’s Mortgage Credit Availability Index rose 0.8% in...
SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL
SOURCE: EIN PRESSWIRE SRE Technologies, Based in Torrance, Calif., has completed work on the company’s online destination for home buyers and sellers and are now promoting the offering to consumers in markets across the state of Utah. The company’s new web portal is...
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...
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