“The Fed will raise the overnight cost of money on Wednesday, from a band 0.50 percent-0.75 percent to 0.75 percent-1.00 percent,” predicted Inman writer Lou Barnes on Friday. That’s a 0.25-percent hike. Sure enough, at its meeting today, the Federal Reserve governors voted to raise interest rates by 0.25 percent, to 0.75 percent to 1.00 percent. “That Fed move is […]
First, may as well get the embarrassing part over: the Fed raised its rate today, and mortgage rates fell.“Fell” is a bit of an overstatement, the decline no more than a fractional point — a large loan, fine credit, 80 percent, 30-year fixed still sits between 4.375 percent and 4.50 percent.Nevertheless, any drop is the […]
The Consumer Financial Protection Bureau (CFPB) is ordering Nationstar, owner of real estate platform Xome, to pay a $1.75 million civil penalty for failure to report accurate data on its loan transactions between 2012 and 2014, in violation of the Home Mortgage Disclosure Act (HMDA). The Home Mortgage Disclosure Act was originally enacted by Congress […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Attom Data Solutions Foreclosure Activity for February 2017: Overall foreclosure activity in February dropped to a new 11-year low, the lowest since November 2005. States with a year-over-year increase included New Jersey (up 16 percent); Delaware (up 14 percent); Louisiana (up […]
Reposted with permission — show notes and credits available here. Crazy squatters, lurking animals, a machete-wielding weirdo and a suspicious-looking neighbor — today’s guest has seen it all. Listen as Julie Nikolaou shares her outrageous and eventful experiences with a bank owned property she’s currently handling in Appleton, Wisconsin. Do you have a crazy real estate […]
Much has been made of the millennial desire to live in cities; however, a couple of recent studies show that for families with kids, the suburbs might be the place to be. The National Association of Realtors 2017 Home Buyer and Seller Generational Trends study found that more millennials are moving to the suburbs with […]
The National Association of Realtors’ 2015 DANGER report cited the number of “nominal agents” as a major industry concern. The report’s author, Stefan Swanepoel, urged industry members to, “See each danger for what it is — a potential threat that could impact you or some part of our industry.”In the 21 months since the report […]
There is no surprise that population growth has a direct impact on a real estate market. An example of this is metro Denver, which is among the fastest growing in the nation — growing 2.1 percent, well above the national average of 0.8 percent growth, according to a recent analysis of U.S. Census Bureau data. […]
Have you ever made it to the end of a day and felt like you got nothing done?Earlier in the day, you probably felt busy. You sent some emails, ran some errands, maybe started a blog post.But now you’re getting ready for bed and you can’t shake the feeling that you could have used your […]
You can see the division in the streets: Some citizens walking around with hands in pockets, whistling jauntily, not a care in the world, while others sacrifice their posture, health and stress levels worrying about what’s to come.We’re talking about tax season, of course — and how easy it is to tell the “already filed” […]
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SAN ANTONIO/SOUTH TEXAS AREA: Atascosa, Bandera, Bexar, Comal, Dimmit, Guadalupe, Karnes, Kendall, Kinney, La Salle, Live Oak, McMullen, Medina, Uvalde, Zavala, Zapata
| AUSTIN AREA: Travis, Williamson, Hays | HOUSTON AREA: Chambers
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