Real Estate

Happy Halloween? Mortgage Rates Average 6.66%

NAR Daily News Magazine - October 6, 2022 - 12:00am

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 6, 2022 - 12:00am

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 5, 2022 - 12:00am

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 30, 2022 - 12:00am

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 29, 2022 - 12:00am

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 28, 2022 - 12:00am

“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 28, 2022 - 12:00am

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

What to Know About Working With a REALTOR®

Daily Real Estate News - September 23, 2022 - 2:00pm

Many people don’t really understand how the real estate business works or what is a REALTOR® and what they do. A REALTOR® ® is not the same thing as a real estate agent. REALTORS® are National Association of REALTORS® members who have taken an oath to follow a strict code of ethics. Even people that…

The post What to Know About Working With a REALTOR® appeared first on RISMedia.

Categories: Real Estate

Mortgage Rates Jump Even Higher After Fed Hike

NAR Daily News Magazine - September 22, 2022 - 12:00am

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 22, 2022 - 12:00am

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 21, 2022 - 12:00am

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 21, 2022 - 12:00am

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

Pros and Cons of an FHA 203k Loan: What You Should Know

Daily Real Estate News - September 16, 2022 - 2:00pm

Have you heard people talk about an FHA 203K loan and wondered what it was and how it worked? Buying a home is far more challenging when you are not familiar with common mortgage lingo. You may have heard about an FHA loan but what do the extra numbers and letters mean? When you are…

The post Pros and Cons of an FHA 203k Loan: What You Should Know appeared first on RISMedia.

Categories: Real Estate

NAR Mentorship Program Helps Agents Discover New Niches

NAR Daily News Magazine - September 16, 2022 - 12:00am

NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities.

Categories: Real Estate

Mortgage Rates Top 6% for First Time Since 2008

NAR Daily News Magazine - September 16, 2022 - 12:00am

Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.

Categories: Real Estate

Mortgage Rates Exceed 6% for the First Time Since 2008

Daily Real Estate News - September 15, 2022 - 2:02pm

On the rise since the beginning of the year, mortgage rates continued their upward trajectory this week, rising above 6% for the first time since 2008. The 30-year fixed-rate mortgage (FRM) averaged 6.02% this week, up from 5.89% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Key findings:  30-year…

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Categories: Real Estate

REALTORS® Are Donating More Money, Time to Charity

NAR Daily News Magazine - September 15, 2022 - 12:00am

Real estate professionals are deepening their involvement in giving back to the communities, according to a new NAR report.

Categories: Real Estate

12 Tech Startups Vying for Glory in the Real Estate Space

NAR Daily News Magazine - September 14, 2022 - 12:00am

At NAR’s iOi Summit this month, the annual Pitch Battle will aim to identify the next great innovation to help your business flourish.

Categories: Real Estate

U.S. Home Equity Increases Again in Q2 2022

Daily Real Estate News - September 12, 2022 - 4:00am

U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $3.6 trillion, for an average of $60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Report (HER) for the second quarter of…

The post U.S. Home Equity Increases Again in Q2 2022 appeared first on RISMedia.

Categories: Real Estate

Experts: Buyers Should Shop Around for a Mortgage as Rates Rise

NAR Daily News Magazine - September 8, 2022 - 12:00am

Borrowers stand to save thousands by gathering multiple quotes from lenders.

Categories: Real Estate
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