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Home2022October

Month: October 2022

Weely Real Estate News

What The Agency’s Executives Tell Real Estate Agents to Get Through a Tough Housing Market

October 6, 2022 Allen Santos Comments Off on What The Agency’s Executives Tell Real Estate Agents to Get Through a Tough Housing Market

  Source: US News —  The U.S. housing market has seen a quick slowdown in 2022 with high home prices, high inflation and volatile interest rates. Many buyers are opting out of making a purchase with low […]

Weely Real Estate News

Home Price Correction Intensifies – What to Expect from the US Housing Market in 2023

October 6, 2022 Allen Santos Comments Off on Home Price Correction Intensifies – What to Expect from the US Housing Market in 2023

  Source: Electric City Magazine —  This, of course, is what we see now. Despite favorable demographics and limited inventory levels, affordability is under pressure –Mortgage rates rise Coupled with rising house prices – I started […]

Weely Real Estate News

Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B

October 6, 2022 Allen Santos Comments Off on Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B

  Source: SP Global —  Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California […]

Weely Real Estate News

Choice: A new luxury amidst the sell-off

October 6, 2022 Allen Santos Comments Off on Choice: A new luxury amidst the sell-off

Market update: Breaking points There has been one question for investors to consider this year: What would it take to break inflation? The hope at the beginning of the year was that a combination of […]

October
Weely Real Estate News

Is October a Good Time to Buy a House?

October 6, 2022 Allen Santos Comments Off on Is October a Good Time to Buy a House?

  Source: The Motley Fool —  October is upon us, which means it’s time for hayrides, pumpkin spice lattes, and Halloween decorations. But is it a good time to buy a home? It all depends on […]

No Picture
Housing Wire

FHA plans to revamp its 203k renovation program

October 6, 2022 Allen Santos Comments Off on FHA plans to revamp its 203k renovation program

The Federal Housing Administration (FHA) expects to issue in the next 90 days a request for information from the public to update its 203K program, a step to address the current affordability crisis by boosting […]

Daily Real-estate News

NAR’s 2022 Good Neighbors: A Passion for Giving That Outlasted a Pandemic

October 6, 2022 Allen Santos Comments Off on NAR’s 2022 Good Neighbors: A Passion for Giving That Outlasted a Pandemic

Five REALTORS(R) whose selfless drive and ingenuity helped fuel their charitable efforts to new heights in the midst of the COVID-19 pandemic have been named the National Association of REALTORS(R)’ 2022 Good Neighbor Awards winners. […]

Daily Real-estate News

Happy Halloween? Mortgage Rates Average 6.66%

October 6, 2022 Allen Santos Comments Off on Happy Halloween? Mortgage Rates Average 6.66%

Despite a slight decrease this week in mortgage rates, the average for the 30-year fixed-rate loan remains more than double what it was a year ago, adding hundreds of dollars per month to financing costs […]

Weely Real Estate News

Almost 1,000 mortgage deals pulled as panic grips UK housing market

October 6, 2022 Allen Santos Comments Off on Almost 1,000 mortgage deals pulled as panic grips UK housing market

  Source: The Guardian —  Almost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in the wake of Kwasi Kwarteng’s mini-budget. Moneyfacts, which monitors the sector, said […]

No Picture
Housing Wire

Remote online notarizations are a game changer, title industry experts say

October 5, 2022 Allen Santos Comments Off on Remote online notarizations are a game changer, title industry experts say

The U.S. House of Representatives passed a bill in late July creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations (RON). Title industry experts say it would be a game-changer […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

Daily Real Estate News

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