Top Headlines
Nick Bailey Named Chief Real Estate Officer at T3 Sixty
Bailey was previously president and CEO of RE/MAX. Continue Reading Nick Bailey Named Chief Real Estate Officer at T3 Sixty
EagleBank Names Evelyn Lee as Chief Lending Officer for C&I
Lee most recently served as the executive vice president and regional president of Truist Financial Corp. Continue Reading EagleBank Names Evelyn Lee as Chief Lending Officer for C&I
Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’
Among the top large cities for economic growth, the study ranked Mesa, Arizona, as the leader with a 38% GDP growth between 2018 and 2022. Continue Reading Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’
Realtor Groups Fire REColorado Board for Opposing MLS Sale
REColorado is used for more than three-quarters of Colorado’s home sales. Continue Reading Realtor Groups Fire REColorado Board for Opposing MLS Sale
Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
Of the project’s 165 residential units, 33 would be reserved for lower-income households. Continue Reading Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development
‘Signs of resilience’: Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6%
Source: Yahoo! --- U.S. mortgage rates have inched up for the second week in a row, following reports that the economy added a staggering 517,000 jobs and inflation climbed 0.5% in January. “At this rate, Americans need to put at least 18% down on the purchase of a...
Ask These 4 Questions to Save Money on a Home Purchase
Source: The Ascent --- Buying and owning a home is likely to be one of the most expensive money moves you'll ever make. Not only will you have upfront costs (such as a down payment to secure a mortgage loan), but you'll also be responsible for ongoing expenses like...
Mortgage overpayments vs savings: what’s the best option for your cash?
Source: Which --- With interest rates hitting heights not seen for years, overpaying on your mortgage is a tempting move that could save you tens of thousands in the long run. Having the extra cash available to make overpayments isn't something open to everyone in...
Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year
Source: Yahoo! Life --- Builders and real estate agents alike are celebrating signs of life in the U.S. housing market. That'll happen when a mild home price correction coupled with mortgage rates falling from 7.37% in early November to 5.99% in February improves...
With Home Prices Stabilizing, Realtors Looking Forward to Good Spring Home Buying Season
Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number...
Fewer people are taking out mortgages as interest rates increase
Source: Gazette-Times --- Experian examined mortgage rate data from Freddie Mac and the number of mortgage applications to see how rising interest rates are affecting potential homebuyers. Fewer people are taking out mortgages as interest rates increase Americans are...
4 Tips to Get Approved for a Mortgage With Bad Credit
Source: The Ascent --- Your credit score is a major cornerstone of your personal finances, and sometimes it feels as if that three-digit number plays a role in just about every money move you want to make. Getting a mortgage loan is no exception, and if your credit...
In this volatile housing market, here’s how to know when the bottom is in
Source: CNBC --- Chicago realtor Jeremy Fisher headed to Florida after Christmas counting on five mostly-relaxed weeks, after a slow second half of 2022 left him with a bunch of unsold listings exiting the year. Instead, the Compass broker ended up flying back to the...
Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook
Source: Wolf Street --- Mortgage balances ballooned because home prices ballooned in recent years, requiring more debt to finance the same home, and so mortgage balances in Q4 rose 2.2%, or by $253 billion, from the prior quarter, and by 9%, or by $1 trillion, from a...
Zillow Home Value Index Methodology, 2023 Revision: What’s Changed?
Source: Zillow --- The Zillow Home Value Index (ZHVI) now incorporates the more accurate neural Zestimate. Starting with Zillow’s January 2023 data release, and for all subsequent releases, the full ZHVI time series has been upgraded to harness the power of the neural...
Recent Posts
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