News Ticker

[ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
[ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
[ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
[ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
[ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News

Daily Real-estate News

U.S. Home Prices Surge to Record High Amid Housing Boom
COVID-19 Pandemic Spurs Home Renovations and Remodeling Boom
Millennials Fueling Strong Demand for Housing, Driving Up Prices
Housing Inventory Remains Low, Pushing Buyers to Compete for Homes
Remote Work Driving Migration to Suburbs and Smaller Cities
New Home Construction Slows Due to Labor Shortages and Rising Costs
Rising Interest Rates Could Cool Down Housing Market Boom
Low Mortgage Rates Continue to Support Housing Market Growth
Increasing Number of Renters Struggling to Afford Housing
Tech Companies Invest in Real Estate for Office and Data Center Space

How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

October 10, 2023 Mariel Alumit Comments Off

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a […]

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

October 6, 2022 Allen Santos Comments Off

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. […]

Happy Halloween? Mortgage Rates Average 6.66%

October 6, 2022 Allen Santos Comments Off

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 […]

New Wire Fraud Scheme Exploits Virtual Meetings

October 5, 2022 Allen Santos Comments Off

Wire fraud schemes are evolving, and scammers are finding new ways to infiltrate real estate transactions–including exploiting virtual meeting platforms to dupe home buyers and sellers. A hacker may break into an email account and […]

Renovation Startup Revive Wins iOi Pitch Battle

September 30, 2022 Allen Santos Comments Off

Revive, a technology startup enabling home sellers to update their properties with no upfront costs, was named Thursday as the winner of the fourth annual Pitch Battle at the National Association of REALTORS(R)’ 2022 Innovation, […]

Mortgage Rates Inch Closer to 7%

September 29, 2022 Mariel Alumit Comments Off

Home buyers who waited to buy a home this month compared to last month may have some regrets. Home buying is 12% more expensive than just a month ago. Fast-rising mortgage rates–up one percentage point […]

NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’

September 28, 2022 Mariel Alumit Comments Off

House hunters are backing away from the housing market as mortgage rates continue to rise sharply. The National Association of REALTORS(R)’ newly released Pending Home Sales Index–a forward-looking indicator of home sales based on contract […]

FHA Moves to Include On-Time Rental Payments for First-Time Buyers

September 28, 2022 Mariel Alumit Comments Off

The Federal Housing Administration published a letter to lenders on Tuesday urging them to consider including a borrower’s positive rental payment history when applying for FHA-insured financing. The move is believed to be a boost […]

Mortgage Rates Jump Even Higher After Fed Hike

September 22, 2022 Allen Santos Comments Off

After the Federal Reserve raised its key short-term benchmark rate by another three-quarters of a percentage point on Wednesday, the average for the 30-year fixed-rate mortgage climbed to its highest level in 14 years, remaining […]

NAR Helps White House Brainstorm Inventory Solutions

September 22, 2022 Mariel Alumit Comments Off

Raising the alarm about the nation’s housing supply crisis, Leslie Rouda Smith, president of the National Association of REALTORS(R), told policymakers at a White House meeting Wednesday that the U.S. is short 5.5 million homes […]

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

February 25, 2024 Comments Off

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 […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

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 data sends mortgage rates higher

February 3, 2024 Comments Off

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 […]