Mortgage rates are up to their highest level since late June, according to the latest Primary Mortgage Market Survey from Freddie Mac. The rate for a 30-year fixed-rate mortgage averaged 4.54 percent for the week ending July 26, up from 4.52 percent last week and 3.92 this week last year. A 15-year fixed-rate mortgage averaged 4.02 percent, […]
NAR will debut a new tech conference that the group is billing as an opportunity to “define the future of real estate tech.” Source: click here
The Federal Reserve recently raised the prime interest rate, but that’s not the end of it. We can expect a total of four rate hikes in the next 12 to 18 months. So, what does this mean for your clients? If you are currently working with clients who are on the fence about buying or listing […]
In a low-inventory market, buyers are making compromises left and right to secure their future home. But before your buyers commit to an “as-is” purchase, they should know what they’re getting into. Here are seven risks to be aware of when buying a home in “as-is” condition. Source: click here
An expert panel at Inman Connect San Francisco discussed how blockchain technology can be used for more than just property transactions in real estate. Source: click here
Sam DeBord breaks down Inman Connect San Francisco’s best talks, including Gary Keller, Robert Reffkin, Softbank, Kara Swisher and Clelia Peters. Source: click here
Hampered by student loan debt and escalating home prices, millennials prefer stowing away money in savings accounts and certificates of deposit over real estate or stock investments, according to a new survey published Wednesday. Savings accounts and other cash instruments were viewed as the most viable investment strategy by 30 percent of millennials between the […]
The sale of new single-family homes declined by 5.3 percent from May to June, according to the latest data released Wednesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The seasonally adjusted annual rate of 631,000 new homes sold was the lowest since October 2017. “The Census Bureau notes in […]
Two neighboring mega-mansions in the Bel Air district of Los Angeles are dueling for billionaire buyers and a page in the record books. Source: click here
A former real estate agent with the tech-focused real estate brokerage Owners.com filed complaints with labor regulatory agencies in all eight states in which the company operates, alleging it misclassifies its agents as independent contractors when they should be considered employees. Michael Lissack worked with Owners.com in Massachusetts and California for 13 months as a […]
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