Real Estate Highlights and Low Points for the Week of December 16-20
Examine the latest challenges in the real estate sector, including NAR’s reputation issues and evolving political dynamics in Chicago and Canada. Read more.
New York State Housing Inventory Reaches Lowest Level in Eight Months
New York housing inventory hits an 8-month low, contributing to a 4.6% drop in sales. Insights vital for private lenders navigating the current market landscape.
Proposed House Bill Aims to Provide Mortgage Insurance Relief for FHA Borrowers.
New legislation proposed in the House aims to eliminate mortgage insurance premiums for FHA borrowers once they achieve specified home equity thresholds.
Examining Misrepresentations in Business Purpose and Residential Bridge Loans
Explore the implications of AB 3108 on misrepresentations in business purpose and residential bridge loans, shaping guidelines for private lenders in California.
Real Brokerage Acquires 400-Agent Urban Nest Realty in Las Vegas.
The Real Brokerage expands its affiliate network by welcoming 400 agents from Urban Nest Realty, enhancing its presence in the Las Vegas market.
November Sees an Increase in Existing Home Sales
Explore the latest trends in existing home sales, with median prices and insights valuable for private lenders navigating the current market landscape.
Single-Family Housing Starts Increase by 6.4%
Privately-owned housing starts experience a slight decline, indicating potential shifts in market dynamics that private lenders should monitor closely.
Powell’s Comments Lead to Increase in Mortgage Rates
Federal Reserve Chairman Powell's remarks during the Q&A press conference led to an increase in the 10-year yield, impacting mortgage rates significantly.
The Federal Reserve’s Challenge in Addressing the Housing Recession
Housing remains a key economic driver. Current housing starts are mirroring levels from the COVID-19 recession, indicating potential market trends for lenders.
United Real Estate Strengthens Midwest Presence with Kansas City Merger
Dallas brokerage expands in the Midwest through the merger of affiliate Platinum Realty with SunWest Real Estate Advisors, enhancing industry presence and collaboration.