Real Estate

AG wants Trump banned from New York real estate business for life, fined $370 million in fraud case

Real Estate CNBC - January 5, 2024 - 5:33pm
Donald Trump denies committing fraud in valuing real estate assets owned by the Trump Organization. New York Attorney General Letitia James is suing him.
Categories: Real Estate

What Are Seller Concessions in Real Estate?

RisMedia Consumer News - January 4, 2024 - 3:47pm

When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process. We will…

The post What Are Seller Concessions in Real Estate? appeared first on RISMedia.

Categories: Real Estate

Mortgages, auto loans, credit cards: Expert predictions for interest rates in 2024

Real Estate CNBC - January 3, 2024 - 12:33pm
The Federal Reserve's period of policy tightening appears to be over, opening the door to lower borrowing costs in the year ahead.
Categories: Real Estate

Mortgage demand down 9.4% for final week of 2023, despite recent drop in interest rates

Real Estate CNBC - January 3, 2024 - 8:36am
Total mortgage application volume was down 9.4% for the week ended Dec. 29, compared with two weeks earlier, according to the Mortgage Bankers Association.
Categories: Real Estate

What to Do With Your Home If You Buy a Second Property

RisMedia Consumer News - December 28, 2023 - 4:02pm

The decision to buy a second property brings a host of considerations, and one of the most crucial among them is whether to sell or rent your existing home. This dilemma requires careful evaluation of financial, emotional and strategic factors to ensure that the choice aligns with your goals and circumstances. We will explore renting…

The post What to Do With Your Home If You Buy a Second Property appeared first on RISMedia.

Categories: Real Estate

Happy Halloween? Mortgage Rates Average 6.66%

NAR Daily News Magazine - October 6, 2022 - 1:00am

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 - 1:00am

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 - 1:00am

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 - 1:00am

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 - 1:00am

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 - 1:00am

“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 - 1:00am

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

Mortgage Rates Jump Even Higher After Fed Hike

NAR Daily News Magazine - September 22, 2022 - 1:00am

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 - 1:00am

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 - 1:00am

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 - 1:00am

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

NAR Mentorship Program Helps Agents Discover New Niches

NAR Daily News Magazine - September 16, 2022 - 1:00am

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 - 1:00am

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

REALTORS® Are Donating More Money, Time to Charity

NAR Daily News Magazine - September 15, 2022 - 1:00am

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 - 1:00am

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