Famed coach Brian Buffini urges agents not to fear iBuyers
On the RE/MAX R4 stage this week, former RE/MAX agent and famed real estate coach Brian Buffini shared why agents shouldn't worry about iBuyers and why relationships remain supreme
by Marian McPherson Mar 3
Mortgage rates reverse course on rising Ukraine uncertainty
Markets pricing in only 1.7 percent chance of a 50-basis Fed rate hike on March 16, down from 41.4 percent before Russian invasion
by Matt Carter Mar 2
Pending home sales dip amid anticipated 'retreat' in demand
The number of homes that went pending in January, a leading indicator of future sales, fell 9.5% year over year, according to data released Friday by the National Association of Realtors
by Daniel Houston Feb 25
Mortgage payments shoot past their 2007 highs — and at faster pace
Rising home prices don't always mean higher monthly payments. But as the pandemic-era market wears on, buyers are increasingly feel the squeeze
by Daniel Houston Feb 25
Fed may dial back pace of rate hikes over Ukraine uncertainty
Bond markets hold steady and oil prices retreat as the U.S. and its Western allies hold off sanctions targeting Russian oil and gas exports
by Matt Carter Feb 24
Pent-up demand could prop up home sales as mortgage rates rise
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in home sales
by Matt Carter Feb 23
Demand for purchase mortgages down for 3rd week in a row
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68% a year ago
by Matt Carter Feb 23
Housing starts dipped in January amid Omicron surge, cold weather
The decline in starts came as Omicron cases surged across the US and wintry weather hampered builders' progress, according to data Thursday from the US Census Bureau and HUD
by Lillian Dickerson Feb 17
Facade Flags Justice Department Building Washington DC
Janette Miller of Miller & Perotti Real Estate Appraisals in California argues that the Fair Housing Act doesn't apply to appraisers, but a federal regulator disagreed this week
by Andrea V. Brambila Feb 16
Homebuyers taking rising mortgage rates in stride
As rates breach 4% for first time since 2019, requests to refinance are down more than 50% from a year ago
by Matt Carter Feb 16
1 in 10 households were priced out of newly built homes in last year alone
Only 31% of U.S. households can afford to buy a newly built home, down from 40% a year ago
by Daniel Houston Feb 14
How mortgage rates hit 4% ahead of schedule, flummoxing forecasters
Bond market investors, not Fed policymakers, exert the strongest immediate pull on markets that drive mortgage rate trends
by Matt Carter Feb 14
Mortgage rates rise above 4% for first time since December 2019
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data
by Matt Carter Feb 11
Demand for vacation homes now outpacing primary homes: Redfin
Vacation-home demand is the highest it's been in a year and just below a record 90% gain in demand tallied in September 2020, according to data released Thursday by Redfin
by Lillian Dickerson Feb 10
Demand for mortgages sags as rates keep rising
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000
by Matt Carter Feb 9