Mortgage Applications Decrease 3.8% While Purchase Demand Remains Strong
Mortgage applications declined by 3.8% last week, with 30-year conforming rates at 6.60% and refinance share at 40.3%, indicating market challenges.
Lamacchia Realty Obtains Vermont License, Expands Throughout New England
Lamacchia Realty expands into Vermont, marking its seventh state. With six licensed agents, the brokerage continues strong performance in real estate transactions.
Pending Home Sales Increase Across All U.S. Regions
The Pending Home Sales Index indicates a 3.8% increase in signed contracts for existing homes, reflecting a positive trend for market activity and private lenders.
Pending Home Sales Increase Despite Rising Interest Rates
Pending sales increased 4.8% year-over-year as mortgage rates remained below 7% and inventory gains moderated price fluctuations, signaling market resilience.
UWM Introduces Loan Program for Medical Professionals
UWM introduces doctor loans tailored for medical professionals, featuring low or no down payments, absence of mortgage insurance, and flexible student debt criteria.
Lessons for Real Estate Agents from David’s Victory Over Goliath in the NBA
Explore a strategic guide for agents to effectively compete with portals and large teams through preparation, follow-up, and consistent outreach efforts.
Bed Bath & Beyond to Purchase Fathom Holdings in Stock Transaction
Bed Bath & Beyond plans to acquire Fathom in an all-stock deal valued at $53.38M, offering 0.2236 shares per Fathom share. Strategic growth on the horizon.
Lawmaker urges FTC to evaluate agent referral tools on real estate platforms.
Rep. Ben Cline has called on the FTC to investigate "contact agent" tools and possible steering practices towards affiliated lenders that may increase buyer costs.
The next challenge for master-planned communities is their long-term viability.
Explore how master-planned communities can thrive in changing housing markets by focusing on flexible development, sustainable operations, and vibrant public spaces.
When can we expect home sales to stabilize to pre-pandemic levels?
Home sales approach 4.2 million, with lock-in effects hindering around 870,000 transactions annually, reflecting a steady 5.8% annual decline in activity.