Over 1.5M Serious Delinquencies Still Remain
June’s month-end mortgage data shows there may still be a bulk of serious delinquencies by the time the forbearance moratorium ends, according to Black Knight. The details: Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.37% – Month-over-month change: -7.62% – Year-over-year change: -42.39% Total U.S. foreclosure […]
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NAR Forum Tackles ‘Historic’ Housing Shortage Issues
As plans for the nation’s infrastructure take shape, real estate professionals and industry experts say fixing housing shortages needs to be a critical part of the conversation. “Housing is an essential long-term asset that helps families climb the economic ladder to prosperity, brings folks closer to job opportunities and generates tax revenue that supports community […]
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Was Real Estate the Real Cause of the American Revolution?
For centuries, historians have debated whether the American Revolution was driven more by ideas or economics. I’m fully in the “ideas” camp, but it would be disingenuous to believe that an economic crisis doesn’t lead to grandiose ideas. Currently, real estate prices are climbing at unprecedented rates. More companies are focusing on consumer experiences and […]
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Sellers Making Their Way Onto Real Estate Markets
Yes, we’re still below the inventory threshold necessary for filling the supply shortage gap; however, there’s been improvement in the real estate markets for the week ending July 17, according to the latest Weekly Housing Trends report from realtor.com®. By the numbers: – New listings are up 9%. More new sellers hit the market compared […]
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Kansas City, Missouri: Most Accessible Metro for First-Time Buyers
It’s no secret that buyers have had it rough these last couple of years, with skyrocketing demand raising prices and creating a competitive environment that makes it near-impossible to win a bid on a home. There are certain areas, however, in which first-time buyers will have it much easier, according to a new LendingTree report. […]
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Freddie Mac Names New SVP
Freddie Mac announced that Jerry Mauricio will serve as the company’s senior vice president and chief compliance officer (CCO). Mauricio brings with him over two decades of managing compliance programs in the global financial services industry. Mauricio has been serving in the role of Interim CCO at Freddie Mac since January 2021 and will fully […]
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Legislators Look to Improve Health Care Benefits for Real Estate Professionals
The Association Health Plans Act introduced at the House of Representatives on July 20 could be good news for real estate professionals looking to lower their health care costs. U.S. Rep. Tim Walberg, R-MI, introduced the House bill, and Senator John Kennedy, R-La, introduced similar legislation within the Senate in March 2021. The breakdown: – […]
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Are COVID Concerns Slowing Down Mortgage Rates?
Freddie Mac posted the results of its Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage (FRM) averaged 2.78% in July. By the numbers: – 30-Year Fixed-Rate Mortgage: Averaged 2.78% with an average 0.7 point for the week ending July 22, 2021, down from last week when it averaged 2.88%. A year ago at this […]
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RE/MAX Finalizes RE/MAX INTEGRA North America Purchase
RE/MAX, LLC has completed its previously announced purchase of the North American regions of RE/MAX INTEGRA. With the sale now closed, more than 19,000 agents (approximately 12,000 in Canada and 7,000 in the U.S.) and more than 1,100 independently owned and operated RE/MAX offices are now in the growing group of RE/MAX, LLC Company-Owned Regions […]
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Realty ONE Group Expands to Central America
Realty ONE Group has sold the franchise rights to an owner in Costa Rica who will bring the company’s business model and proprietary systems to Central America. Sergio E. Gonzalez, an entrepreneur with more than two decades in real estate and a 30-year resident of the country, is opening doors to new offices in Costa […]
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