Real Estate Highlights and Shortcomings from the Recent Week
Amidst Fed tensions, Canadian returns, and rising property tax reforms, explore key insights and trends shaping the private lending landscape.
Strategies Employed by Mortgage Lenders to Reduce Contract Cancellations
Experts identify affordability issues, unprepared buyers, and lender pressures as key factors leading to contract collapses in the current mortgage landscape.
MLS PIN Settlement Business Practice Changes Take Effect Tuesday
MLS PIN will discontinue cooperative compensation offers on its platform, alongside the implementation of new disclosure requirements for private lenders.
Connecticut Estate Previously Owned by Mike Tyson and 50 Cent for Sale at $9.9 Million
Explore a sprawling 17.6-acre estate featuring a 51,000-square-foot home with 19 bedrooms, previously owned by notable celebrities. Discover more here.
July Reports a 0.4% Decrease in Pending Home Sales
NAR's Realtors Confidence Index reveals 16% of members anticipate increased buyer traffic, despite a slight dip in pending home sales. Explore further.
Experts Propose Diverse Strategies to Address Housing Supply Shortage
A discussion featuring housing experts on proposed zoning regulation changes to boost supply and new legislation designed to assist first-time homebuyers.
Innovative Smart Home Technology Supporting Seniors in Aging in Place
Florida State University professor Jing Wang discusses the intersection of health care and smart home technology, offering insights valuable for private lenders.
Homebuyers require significant rate decreases to benefit from refinancing.
A recent analysis reveals that a 0.25-point interest rate decrease can still lead to borrowers being $2,424 underwater after three years, raising concerns for private lenders.
Leading eXp Realty Teams Collaborate to Establish Whissel Beer Group
"Discover insights on a newly formed group by industry leaders Kyle Whissel and Daniel Beer, focused on innovation and collaboration in real estate."
Purchase applications show highest activity in over a month.
Despite a rebound in purchase applications, a minor increase in mortgage rates caused a decline in refinance applications, highlighting market volatility.