U.S. Housing Market
Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
The survey also found 75% of respondents stating the rising cost of housing played a role in accumulating the debt that led them to seek help. Continue Reading Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
Half of US Households Experienced Home Insurance Rate Increases
Among the states, Florida carries the highest home insurance average at $7,136. Continue Reading Half of US Households Experienced Home Insurance Rate Increases
One in Six Home Sellers Dropped Their Asking Price
The typical home that sold in August went for 3.8% less than its original asking price—the steepest discount for that month since 2019. Continue Reading One in Six Home Sellers Dropped Their Asking Price
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
Home Sales Up While Prices Decline
Craig J. Lazzara at S&P Dow Jones Indices said the housing market “continued to strengthen in April 2023.” Continue Reading Home Sales Up While Prices Decline
CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
According to the CFPB, ACI’s data handling practices negatively impacted nearly 500,000 homeowners with mortgages serviced by Mr. Cooper. Continue Reading CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
Geneva Financial Debuts Portfolio Lending Division
“This new division is an exciting addition to our already robust offering,” said Geneva Financial CEO Aaron VanTrojen. Continue Reading Geneva Financial Debuts Portfolio Lending Division
Pedestrian Power? Realtors Survey Finds Most Americans Prefer Walkable Communities
85% of respondents said sidewalks and places to walk are very or somewhat important. Continue Reading Pedestrian Power? Realtors Survey Finds Most Americans Prefer Walkable Communities
‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud
Bicher, a resident of Hialeah, Florida, pled guilty to one count of wire fraud, which carries a maximum sentence of 20 years in prison. Continue Reading ‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud
National Association of Realtors Begins National Search for New CEO
Bob Goldberg became NAR CEO in 2017. Continue Reading National Association of Realtors Begins National Search for New CEO
A Phil Hall Op-Ed: Can You Sell a Slovenly Home?
This situation would never be encouraged in any other sales-focused sector. Continue Reading A Phil Hall Op-Ed: Can You Sell a Slovenly Home?
LeBron James to Knock Down $37M Mansion and Build New Home
The property was built in 1934 for actor Charles Boyer and was later acquired by Howard Hughes. Continue Reading LeBron James to Knock Down $37M Mansion and Build New Home
Renters Starting to See Some Relief in Housing Costs
Rent prices in the expensive West saw the largest year-over-year declines (-3.0%). Continue Reading Renters Starting to See Some Relief in Housing Costs
Hits and Misses for the Real Estate Week of June 19-23
Americans are looking for Italian properties while Britons are looking at higher mortgage payments. Continue Reading Hits and Misses for the Real Estate Week of June 19-23
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