Top Headlines
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Verisk noted that while Milton is expected to have a significantly higher insured loss tally than Helene. Continue Reading Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Mother of Missing Texas Real Estate Agent Fears Her Daughter is Dead
Suzanne Clark Simpson was last seen by a neighbor on the evening of Oct. 6. Continue Reading Mother of Missing Texas Real Estate Agent Fears Her Daughter is Dead
Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Co-founder Adam J. Weiss promises “personalized attention and unmatched value.” Continue Reading Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Former Illinois Bank President Sentenced for Role in Real Estate Fraud
He will also likely receive a lifetime ban from banking. Continue Reading Former Illinois Bank President Sentenced for Role in Real Estate Fraud
Judge Rejects Preliminary Injunction Request by Move Against CoStar
Judge George H. Wu denied the request by Move for limited expedited discovery in the lawsuit against CoStar. Continue Reading Judge Rejects Preliminary Injunction Request by Move Against CoStar
FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers
The program offers $25,000 grants to be used for down payment, closing costs or principal reduction assistance. Continue Reading FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers
Mortgage Rates Down for First Time in Five Weeks
The 30-year fixed-rate mortgage averaged 7.09% as of May 9. Continue Reading Mortgage Rates Down for First Time in Five Weeks
ATTOM: Fewer Residences Were Equity Rich During Q1
The portion of mortgaged homes that were seriously underwater inched up to 2.7%. Continue Reading ATTOM: Fewer Residences Were Equity Rich During Q1
Median Monthly Housing Costs at New Record High
Redfin reported the median sale price reached $384,721, up 4.5% for a new record high. Continue Reading Median Monthly Housing Costs at New Record High
Mortgage Application Activity Up 2.6%
The FHA share of total applications increased to 12.9% from 12.7% the week prior. Continue Reading Mortgage Application Activity Up 2.6%
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
The extension will assist homeowners impacted by the August 2023 wildfires. Continue Reading FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
Mortgage Rates Soar for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 7.22% as of May 2. Continue Reading Mortgage Rates Soar for Fifth Consecutive Week
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Builders Angry Over Biden’s Energy Standards Changes
“This senseless nationwide codes mandate will significantly raise housing costs,” said NAHB Chairman Carl Harris. Continue Reading Builders Angry Over Biden’s Energy Standards Changes
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