Real Estate

Mortgage refinance demand jumps 19% after rates hit lowest level since July

cnbc real estate - December 13, 2023 - 6:33am
Applications for mortgages to buy homes were also higher compared with the previous week.
Categories: Real Estate

Consumer Price Index Sees Small Rise in November

RisMedia Consumer News - December 12, 2023 - 10:52am

Inflation saw a small rise again in November, following no changes in October. After the recent pause in rate hikes from the Fed, this reading is in line with economist predictions that the Fed could continue the pause, and possibly halt rate hikes altogether. The Consumer Price Index saw 0.1% increase in its November reading.…

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Categories: Real Estate

Chinese property developer Country Garden reportedly set to avert yuan bond default

cnbc real estate - December 12, 2023 - 3:51am
Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg.
Categories: Real Estate

How Much Does It Cost to Build a Luxury Home?

RisMedia Consumer News - December 11, 2023 - 1:46pm

Building a luxury home is a dream for many, but the path to turning that dream into reality involves careful planning and a thorough understanding of the costs involved. Whether you envision a sprawling mansion with breathtaking views or a modern oasis with cutting-edge amenities, the cost of building a luxury home can vary significantly.…

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Categories: Real Estate

The Federal Reserve could achieve a soft landing after all. Here's what that would mean for you

cnbc real estate - December 11, 2023 - 11:14am
The Federal Reserve is expected to announce no rate hike at the end of its two-day meeting this week. Here's what that means for your wallet.
Categories: Real Estate

Want to buy property in the UK? Now could be the right time, experts say

cnbc real estate - December 11, 2023 - 2:20am
The U.K. property market has proved difficult for both renters and prospective homeowners recently — but experts say this could be about to change.
Categories: Real Estate

Trump writes on social media he no longer plans to testify in civil fraud trial on Monday

cnbc real estate - December 10, 2023 - 4:25pm
Former President Donald Trump wrote in a social media post on Sunday that he won't testify in his $250 million civil fraud trial in New York on Monday.
Categories: Real Estate

Buying property in Asia? Real estate specialists give their investment tips

cnbc real estate - December 8, 2023 - 12:10am
It's a good time for homeowners in Hong Kong to buy now, but investors hunting for yield might want to think twice, says Peter Churchouse of Portwood Capital.
Categories: Real Estate

2023 was the least affordable homebuying year in at least 11 years, Redfin says

cnbc real estate - December 7, 2023 - 12:37pm
California metro regions ranked as the least-affordable areas, while Midwest metros were the most affordable, Redfin said in a new report.
Categories: Real Estate

Happy Halloween? Mortgage Rates Average 6.66%

NAR Daily News Magazine - October 5, 2022 - 11:00pm

Home buyers have lost about $107,000 in buying power since the beginning of the year—and that’s what’s truly scary.

Categories: Real Estate

NAR’s 2022 Good Neighbors: A Passion for Giving That Outlasted a Pandemic

NAR Daily News Magazine - October 5, 2022 - 11:00pm

Meet the five REALTORS® who were named this year’s winners, and learn how they went above and beyond for their communities in a dark time.

Categories: Real Estate

New Wire Fraud Scheme Exploits Virtual Meetings

NAR Daily News Magazine - October 4, 2022 - 11:00pm

Hackers can infiltrate online meeting platforms, posing as a legitimate party to a real estate transaction, and give your clients fraudulent wire instructions. Learn how to spot them.

Categories: Real Estate

Renovation Startup Revive Wins iOi Pitch Battle

NAR Daily News Magazine - September 29, 2022 - 11:00pm

The company, which enables home sellers to update their property with no upfront costs, was crowned at NAR’s annual technology conference.

Categories: Real Estate

Mortgage Rates Inch Closer to 7%

NAR Daily News Magazine - September 28, 2022 - 11:00pm

Buyers would be smart to shop around: The large dispersion in rate offerings among lenders could amount to several hundreds of dollars, Freddie Mac says.

Categories: Real Estate

FHA Moves to Include On-Time Rental Payments for First-Time Buyers

NAR Daily News Magazine - September 27, 2022 - 11:00pm

“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner.

Categories: Real Estate

NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’

NAR Daily News Magazine - September 27, 2022 - 11:00pm

Pending home sales are posting annual losses in the double-digits as home buyers continue to back away from the market due to surging mortgage rates.

Categories: Real Estate

Mortgage Rates Jump Even Higher After Fed Hike

NAR Daily News Magazine - September 21, 2022 - 11:00pm

The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR.

Categories: Real Estate

NAR Helps White House Brainstorm Inventory Solutions

NAR Daily News Magazine - September 21, 2022 - 11:00pm

Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages.

Categories: Real Estate

Existing-Home Sales Slip Again, Yun Blames Mortgage Rates

NAR Daily News Magazine - September 20, 2022 - 11:00pm

Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist.

Categories: Real Estate

Housing Starts Rebound, Builders Aim to Win Buyers Back

NAR Daily News Magazine - September 20, 2022 - 11:00pm

Despite an unexpected jump in new construction in September, demand for new homes is falling due to high prices and mortgage rates. Builders are lowering their asks to boost buyer traffic.

Categories: Real Estate