Published by DS News | April 26, 2023 Debt collectors now attempting to collect on these zombie second mortgages may be in violation of the Fair Debt Collection Practices Act. The Consumer Financial Protection Bureau (CFPB) has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages” due to the fact …
CFPB Issues Further Guidance on ‘Zombie Mortgages’ Read More »
Published by FOX Business | May 1, 2023 Berkshire’s Charlie Munger issues warning for U.S. commercial property market Berkshire Hathaway Vice-Chair Charlie Munger said Monday that a storm is brewing in the U.S. commercial property market. As property prices fall, Munger said American banks are “full of bad loans.” “It’s not nearly as bad as it was in …
Billionaire Mogul Warns a Storm is Coming in the Real Estate Sector Read More »
Published by REALTOR.com | April 25, 2023 Rents across the country continued to tick up in March—but at a much slower pace. Tenants shelled out about 2.5% more last month compared with a year earlier in the 50 largest metropolitan areas, according to the most recent Realtor.com® rental report. Nationally, the median rent was $1,732 a …
Rent Prices Stop Shooting Up—and Even Fall in Some Parts of the Country Read More »
Published by REALTOR.com | April 25, 2023 The question on the minds of homebuyers, sellers, and homeowners is what is going to happen with home prices. Does this sound disturbingly familiar? Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling. The number of home sales has dropped. Is it 2006—the year that saw the …
It’s Deja Vu in the Housing Market—Is It 2006 All Over Again? Read More »
Published by Forbes.com Find out which cities have witnessed the largest increase in average rent from 2022 to 2023 in every US state. After the homebuying hysteria of 2021 and the first half of 2022 was cooled off by rising interest rates, one of the knock-on effects has been an increase in the cost of …
Cities Where Rent Has Risen The Most In Every State Read More »
Published by Forbes.com | April 18, 2023 REITs are dividend-paying entities that own or finance real estate. Learn what REITs are, and the best ones to invest in right now What’s on tap for the stock market in 2023? Even halfway through the first quarter, there isn’t a strong indication which direction markets will go. …
Published by FOX News | April 19, 2023 Interest rates for mortgages have roughly doubled over the past year A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers. Experts believe that borrowers with a credit score of about 680 …
Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners With Good Credit Read More »
Published by FOX Business | April 17, 2023 Confidence among U.S. homebuilders jumps as mortgage rates fall Confidence among builders in the U.S. housing market increased more than expected in April as declining mortgage rates and low inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures …
Homebuilder Sentiment Jumps to Highest Level Since September Read More »
Published by REALTOR Magazine | April 14, 2023 Real estate taxes have been on the rise over the last few years. Property taxes can make up a sizable portion of homeowners’ budgets, particularly in certain markets. While owners in some locations pay less than $1,000 a year, that bill can top $9,000 in other areas. …
Where Homeowners Pay the Lowest, Highest Property Taxes Read More »
Published by REALTOR Magazine | April 6, 2023 Scammers often use fake emails and other phishing exploits to launch larger attacks like ransomware. Familiarize yourself with the warning signs. In real estate, millions of dollars can change hands in a single transaction, making the industry an attractive target for phishing attacks. This is a type …
Phishing Scams Are ‘Tip of the Spear’ for Cyber Threats Read More »
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