Published by Breitbart News | March 21, 2023 Sales of previously owned homes in the U.S. rose in February as house prices dipped and mortgage rates continued to tick down. Existing home sales jumped 14.5 percent to a seasonally adjusted annual rate of 4.58 million, the National Association of Realtors said Tuesday. This was the …
Existing Home Sales Surge As Prices Fall For First Time in Over a Decade Read More »
Published by HousingWire | March 9, 2023 The GSE is reported to be looking at launching a pilot program that would grant certain lenders a waiver on title. The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. Nearly a year …
Fannie Mae Rumored to be Looking at Forgoing Title Insurance Read More »
Published by REALTOR Magazine | March 15, 2023 Home buyers or sellers may back out of a home sale for any number of reasons, but lawsuits are a real risk. Know how to protect yourself. Most real estate professionals have had a client with cold feet back out of a deal at the last minute. …
President Biden has released his proposed budget for 2024, which again looks to eliminate 1031 like-kind exchanges. A 1031 exchange is a tax-deferred exchange from Section 1031 of the Internal Revenue Code (IRC) that allows real estate investors to defer capital gains taxes when selling one investment property for another. This tax-deferred exchange involves using …
Biden Proposes To Eliminate 1031 Tax-Deferred Exchanges Read More »
Published by REALTOR Magazine | March 14, 2023 The collapse of Silicon Valley Bank and others may drive mortgage rates lower, says NAR Chief Economist Lawrence Yun. The demise of three banks last week has been sending shockwaves through an already fragile economy. Could it have an impact on real estate, too? “The Silicon Valley …
How 3 Recent Bank Failures Could Impact Housing Market Read More »
Atlanta Federal Reserve reports U.S. households have to spend nearly 43% of their monthly income to afford the median home price
Published by CNBC Finance | March 10, 2023 Customers withdrew a staggering $42 billion of deposits by the end of Thursday, March 9 2023, according to a California regulatory filing. Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture capital community that …
How The Second-Biggest Bank Collapse in U.S. History Happened in Just 48 Hours Read More »
Artificial intelligence can create housing market misinformation, fake property documents and false identities. Here’s how to intercept these threats. Published by REALTOR Magazine | March 7, 2023 Editor’s note: This article was written and edited with the assistance of AI tools. Artificial intelligence has become ubiquitous in our daily lives, from Google searches and maps …
You Can Stop AI From Spreading False Real Estate Info Read More »
Published by REALTOR.com | March 3, 2023 We might be floundering in this strange new netherworld for a while. Today’s housing market has been in some deep doldrums by many standards, but the latest real estate statistics suggest something more serious might be ahead—that the market might be careening toward some sort of rock bottom. …
Published by Fox Business | March 2, 2023 U.S. housing market faces affordability crunch, threat of ‘deep’ price slide U.S. home prices could tumble as much as 20 percent as the highest mortgage rates in two decades threaten to trigger a “deep global housing slide,” according to research from the Federal Reserve Bank of Dallas. …
Fed Economist: U.S. Home Prices Could Plunge 20% Amid Risk of ‘Deep’ Housing Slide Read More »
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