Foreclosure Starts Reach Pre-Pandemic Levels Nationwide
U.S. properties with foreclosure filings, which include default notices, scheduled auctions or bank repossessions, totaled 34,501 in August 2022, up...
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Mortgage Rates Hit Highest Level Since 2008
The 30-year fixed-rate mortgage (FRM) averaged 5.89% this week, up from 5.66% last week, according to the latest Primary Mortgage...
Four Western States and Florida Are at Most Risk for Wildfire Damages in 2022
Wildfires commonly affect the Western U.S., but climate change and the region’s severe drought of recent years has only exacerbated...
BCI Slips Again, With Brokers Seeing Little Help From Feds
After a momentary reprieve, RISMedia’s Broker Confidence Index (BCI) took another fall last month, dropping from 6.8 to 6.6, continuing...
Mortgage Applications Decrease Again, but Jobs Data Could Mean Good News for Purchases
Mortgage applications decreased again this week, down 0.8% from last week’s 3.7% drop, but the strong jobs market could lead...
Revisiting the Capital Gains Tax Exemption for Home Sales
In 1997, back when Netscape ruled the web and “Seinfeld” was the most popular show on television, the average American...
Year-Over-Year Home Price Growth Dips Again in July as Higher Mortgage Rates Cool Demand
Annual home price growth slowed for the third consecutive month in July but remained elevated at 15.8%, according to the...
Sales of $1 Million Homes Are Growing as Their Floor Plans Are Shrinking
A record number of homes in the U.S. sold for $1 million or more in recent years, according to a...
6 Non-Tech ‘Tools’ Every Real Estate Agent Should Carry
Technology is advancing faster than most of us could ever have imagined. In the real estate industry especially, every year...
Job Growth Remains Resilient, Economy Shaky
Despite pressure from the Federal Reserve and a variety of market headwinds, the labor market has continued to defy expectations,...
3 Questions Every Agent Should Ask Hesitant Buyers
In today’s market, agents who move deals forward aren’t the most aggressive; they’re the most curious. The right questions don’t pressure buyers into action; they help buyers articulate what’s holding them back. Read more.
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