A verdict in the Kansas City trial is expected Nov. 10. “NAR fundamentally disagrees with how (they’re) characterizing our rules,” says NAR’s top legal officer. KANSAS CITY, Missouri – The National Association of Realtors® (NAR), along with HomeServices of America and Keller Williams Realty, begin trial Monday in Kansas City, Mo., in the case Burnett … Read more
Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in. BOSTON – One out of every 5 homeowners who moved within the last three years now regret their decision. Many Americans relocated either permanently or temporarily because of the COVID-19 … Read more
A diverse group of RE professionals – Asian, Hispanic, LGBTQ+ and women – say they will jointly oppose the “vocal minority” who fight against diversity. CHICAGO – Organizations representing Asian, Hispanic, LGBTQ+ and women professionals say persistent discrimination in housing must be stopped. Four major organizations representing diverse groups in the real estate profession have … Read more
TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
However, the 30-year fixed-rate mortgage remains near the 22-year high it hit three weeks ago. Last week, it was 7.18%. LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell again this week but remains near the 22-year high it hit three weeks ago, offering little relief for house hunters facing persistently high prices … Read more
After hitting a 20-year high last week of 7.23%, the average rate on a 30-year, fixed-rate mortgage moved lower again. A year ago, the FRM averaged 5.66%. LOS ANGELES – The average long-term U.S. mortgage rate slipped after climbing for five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers … Read more
Buyers get used to mortgage rates and incorporate them into decisions, but increases/decreases make them wonder if they should move quickly or hope they come back down. NEW YORK – Despite the highest mortgage rates in a generation, new houses continue to sell. The U.S. Commerce Department on Wednesday reported that a seasonally adjusted 714,000 … Read more
A 30-year, fixed-rate loan averaged 7.09% this week, its highest level since it was 7.13% in April 2002. It also exceeds a high of 7.08% hit last fall. WASHINGTON – The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years, grim news for would-be homebuyers already facing high home … Read more
Start with local research. What words to buyers use most often when searching for a home? What words are within listings that see the most clicks? NEW YORK – Both words and images make an impact when marketing homes for sale, says Colibri Real Estate’s Tina Lapp, who has almost 30 years of professional education … Read more
Mortgages revolve around a 20% down payment, and buyers who put less down use mortgage insurance to do so – yet many don’t understand what that means. KEY BISCAYNE, Fla. – Mortgage Insurance is one of the most misunderstood topics in real estate. When buyers use financing and their down payment is less than 20% … Read more
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