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
Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments
“Homelessness is complex,” wrote Justice Neil Gorsuch for the majority ruling. Continue Reading Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments
Biden-Trump Debate Barely Acknowledges Housing Issues
“We’re going to make sure we build 2 million new units,” said Biden. Continue Reading Biden-Trump Debate Barely Acknowledges Housing Issues
Richard Gibbens Named CEO at Bluegrass Realtors
Gibbens will begin his new role in late July. Continue Reading Richard Gibbens Named CEO at Bluegrass Realtors
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Repayment Terms: Home Equity Loan vs. Mortgage
Source: Investopedia --- Buying a home is one of the most significant investments you can make. For most home buyers, that large of a purchase requires financing in the form of a mortgage. But once you have made your purchase, your mortgage payments start working for...
Redfin Reports Sale Prices Flatten, Demand for Mortgages Falls as Mortgage Rates Climb
Source: Yahoo! --- As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy. SEATTLE, February 23, 2023--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale...
U.S. Housing Market Stalls as Mortgage Rates Edge Up Again
Source: World Property Journal --- National property broker Redfin is reporting this week that many U.S. homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7 percent. Redfin's Homebuyer Demand Index -- a measure of requests for tours and...
That 3% Mortgage Just Keeps Getting Better
Source: The Washington Post --- The economy has been stronger and inflation stickier than markets and forecasters expected at the start of 2023, prompting traders to place bets that the Federal Reserve could ultimately raise rates as high as 6% — a level not seen...
Mortgage Rates Surge as Inflation Lingers
Source: US News --- Mortgage rates jumped higher for the second week in a row as investors worry sticky inflation will cause more hawkish policy decisions from the Federal Reserve. The average 30-year fixed mortgage rate rose to 6.73%, from 6.55% the previous week....
Housing, Inflation Data On Tap as Debate Rages on Strength of Economy
Source: US News --- A bevy of economic reports awaits investors and economists in a holiday-shortened week as the government gives updates on a key inflation measure and fourth quarter gross domestic product as well as private readings on the state of the housing...
U.S. home sales post 12th straight monthly decline; house price inflation cools
Source: CNBC --- U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. The report from the National...
MORTGAGE OPTIONS AND PROGRAMS FOR FIRST-TIME HOMEBUYERS
Source: RisMedia --- When you are about to enter the housing market for the first time, the money you are about to spend could be daunting. Many expenses are involved when buying a home, but you might find some payment assistance available. There are mortgage programs...
Zombie Foreclosures continue to increase across the nation
ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure represents 1.3 percent, or...
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