Available inventory of unsold homes rose by 1.8% this week. It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. The leading indicators for sales prices show that 2023 will
Real estate brokers focus on value amid commission lawsuit unease
Today, the first class action commission lawsuit goes to trial in Kansas City, Missouri. While two of the defendants — Anywhere and RE/MAX — have settled in the case, those settlements have not been finalized. The National Association of Realtors,
FHFA extends certain rep and warrants to pandemic-related forbearance loans
The Federal Housing Finance Agency (FHFA) announced on Monday morning that it will treat, in some aspects, loans in COVID-19 forbearance similar to those in natural disaster forbearance. The change, to be implemented on Oct. 31, means pandemic-related forbearance mortgages will remain
Toronto Housing Market: Prices, Trends, Forecast 2023
The Toronto housing market has been a topic of much discussion and analysis over the past few years. After experiencing a period of rapid price growth and high demand, the market has seen significant changes in response to economic and
FHFA says GSEs are open to alternatives to loan repurchases
Regarding lenders’ vociferous complaints about increased loan buybacks from Fannie Mae and Freddie Mac, FHFA Director Sandra Thompson said the regulator expects originators to deliver loans consistent with the guidelines. But, she added, the Enterprises must implement a fair, consistent, and predictable process
Hottest Housing Markets in 2023: Hot Real Estate Markets
Source: Zillow Get ready for a hot housing market! We unveil the top 10 hottest housing markets in 2023 according to Zillow and Realtor.com. These hot real estate markets are all experiencing strong job growth and population growth, which is
White House announces new housing initiatives to boost homeownership
The White House on Monday announced a series of new initiatives designed to boost U.S. homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs),
Stakes are high as first buyer broker commission lawsuit goes to trial today
The long-anticipated Sitzer/Burnett class action commission lawsuit enters its first day in court on Monday, leaving real estate professionals to ponder the fate of today’s cooperation and commission practices. At the crux of the case is the allegation that commission
Philly Fed President Harker: “We are at the point where we can hold rates”
Philadelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way. “I believe that we are at the point where we can hold rates where they are,” Harker said at the 2023 Mortgage
30-Day Cleaning Checklist for a Sparkling Home
Clean your home without stress by following our checklist of simple room-by-room tasks that will help you refresh your entire home in just a few minutes a day.
Images/Article Credit: Better Homes & Gardens
Best Indoor Plants for Clean Air
Start with one or two handsome specimens, and see where your quest for a healthy atmosphere takes you when you grow these air-purifying plants…
FHFA issues notice of potential changes to Suspended Counterparty Program
The Federal Housing Finance Agency (FHFA) on Friday issued a notice of proposed rulemaking that would amend its Suspended Counterparty Program (SCP) to include additional forms of misconduct as a basis for keeping regulated entities from doing business with organizations
8 Fun Facts about Anchorage, AK, to Help You Get to Know the City
Anchorage is a unique city filled with history, culture, and natural wonders. As the largest city in Alaska, Anchorage is renowned for its stunning landscapes, vibrant arts scene, and unique experiences. But beyond its picturesque setting, many intriguing aspects make
Will labor data send mortgage rates to 8%?
The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage
Exploring the 6 Top Luxury Home Features in San Diego that Define Luxury Living
Welcome to San Diego, a city known for its stunning coastline, year-round sunshine, and vibrant lifestyle. If you’re in the market to buy a luxury home in this captivating city, you’re in for a treat. San Diego’s luxury real estate
HAF funds have kept 300,000 people in their homes: U.S. Treasury
The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure, according
What is Anchorage, Alaska, Known For? 10 Things to Help You Get to Know the City
Anchorage, Alaska, holds a distinct place in the hearts and minds of adventurers, nature enthusiasts, and culture seekers alike. Nestled within the dramatic backdrop of the Chugach Mountains, Anchorage is a city that embodies the spirit of the ‘Last Frontier.’
Miami Real Estate Market: Prices, Trends, Forecast 2023
South Florida’s housing market is strong. Home prices continue to climb and inventory is still quite limited. It is a seller’s market with many sellers getting top dollar. It is also because more people and businesses in the United States are
What does the fix-and-flip market look like right now?
The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM.
Discover 6 Santa Barbara Restaurants To Satisfy Your Taste Buds
Living in Santa Barbara offers a vibrant culinary and dining scene. Perhaps you’re a local seeking new flavors, a visitor exploring the city’s gastronomic offerings, or even searching for apartments for rent or homes for sale in Santa Barbara. This
6 Top Luxury Home Features in Sarasota, FL: A Realtor’s Perspective
Welcome to the captivating world of luxury homes in Sarasota, FL, where elegance meets coastal charm. Sarasota is renowned for its exquisite properties that redefine the standard of living through their luxury home features. If you’re in the market for
Nationwide Property and Appraisal Services acquires Integrity Appraisal Management
Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition
Luxury Home Features in Tampa: 7 Features that Define Luxury Real Estate
Welcome to Tampa, FL, a city renowned for its vibrant culture, stunning waterfront, and idyllic year-round weather. If you’re in the market for a luxury home in this thriving city, get ready to discover an array of exceptional features and
Consumers may be coming to terms with elevated rates and high home prices: Fannie Mae
Consumer confidence in housing may have plateaued, according to the latest home purchase sentiment index (HPSI) by Fannie Mae. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere