U.S. Housing Market
Report: Global Buyers Acquired Nearly Half of South Florida New Construction Units
Roughly 86% of the global sales of South Florida new construction properties were made by Latin Americans. Continue Reading Report: Global Buyers Acquired Nearly Half of South Florida New Construction Units
Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
The senators also expressed displeasure over Pulte’s conflict of interest in this directive. Continue Reading Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
California Records Highest Home Sales in Over 2 Years
The statewide median home price of $829,060 represented a 1.2% drop from January’s $838,850 price. Continue Reading California Records Highest Home Sales in Over 2 Years
A Phil Hall Op-Ed: Save the CDFI Fund from Trump’s Chopping Block
This federal entity has no history of fraud or waste. Continue Reading A Phil Hall Op-Ed: Save the CDFI Fund from Trump’s Chopping Block
Single-Family Housing Starts Up 11.4%
Single-family housing completions were at a rate of 1.06 million, a 7.1% uptick from the revised January rate of 995,000. Continue Reading Single-Family Housing Starts Up 11.4%
Hidden costs of buying a home
Source: Bankrate --- If you’re planning to buy a new home soon, you’ve likely given some thought to the maximum price you can pay and the down payment you can offer. And if you plan to finance the purchase, the monthly mortgage payment could also be on the list of...
City’s budget forecast includes $42.7 million increase in property taxes
Source: Chicago Sun Times --- Chicago property taxes will rise by $42.7 million — half of what an automatic escalator allowed — thanks to a $127.9 million budget shortfall for 2023 that’s the lowest in recent memory, Mayor Lori Lightfoot said Wednesday. By exercising...
‘Housing Market Crash’ Interest Soars as Americans Worry About Economy
Source: Newsweek --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
A ‘soft landing’ in the U.S. housing market is possible, says real-time data expert Altos Research
Source: Fortune--- High housing prices have been seen as a key inflationary driver over the past few months, and the direction that market takes now could be yet another indicator of where the economy is heading. The U.S. housing market is in a clear cooling-off...
3 misconceptions about the residential real estate market
Source: AZ Big Media --- Much like we experienced at the onset of the pandemic, the residential real estate market is having a moment where many are unsure of what to expect. Unfortunately, that has led to some misconceptions. We wanted to set the record straight....
The Best Tips for Finding the Perfect Real Estate Agent in This Wild Market
Source: Kitchn --- Have you considered buying a house lately? If you have, then you’re probably intimately aware of how wild the housing market is right now. Mortgage rates are rising, home inventory is low, competition is cutthroat and intense, and prices are all...
Developments in Employee Screening for Real Estate Industry
Source: National Law Review --- The real estate industry, and the people employed in it, build and maintain communities driving domestic growth. Naturally, employers in the real estate world want to know their employees are reliable and trustworthy. Therefore,...
Should You Get An MBA In Real Estate? Here’s What To Know Before You Enroll
Source: Forbes --- Earning a master of business administration (MBA) in real estate prepares you for career opportunities in the real estate industry. This degree equips learners with foundational knowledge and fundamental leadership, which are necessary business...
Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw
Source: Investopedia --- Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day. National Averages of Lenders' Best Rates Loan...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Source: Market Scale --- Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below 5%...
