Key Takeaways: – Mortgage applications fell by 1% as 30-year mortgage rates reached the highest point in decades – Rates for 30-year mortgages on conforming loan balances increased to 7.90%, the highest in 23 years – Rates for jumbo loan balances also increased, affecting all segments of the mortgage market – Mortgage rates have risen…
Key Takeaways: – Virtual Inman Connect on Nov. 1-2, 2023 and Inman Connect New York on Jan. 23-25, 2024 are upcoming events that real estate professionals can attend to prepare for the future of the industry. – LoanDepot is offering the “accessZERO” program, which provides a 5 percent down payment in the form of a…
Key Takeaways: – The jury found the National Association of Realtors, HomeServices of America, and Keller Williams guilty of collusion to maintain high commission rates. – The defendants are still awaiting Judge Stephen Bough’s final judgment. – There are questions about what this verdict means for the real estate industry. – One potential outcome is…
Key Takeaways: – Haunted houses may be scary, but natural disasters pose far scarier prospects to homes and lives. – Building codes may not always account for the challenges presented by extreme weather events. – The American Institute of Architects emphasizes that meeting code does not ensure a building will withstand the forces of nature….
Key Takeaways: – A new class action lawsuit has been filed against major real estate companies, accusing them of engaging in a conspiracy. – The lawsuit challenges the practice of homesellers paying sales commissions to buyers’ agents, alleging it violates the Sherman Antitrust Act. – The lawsuit names seven defendants, including Compass, eXp World Holdings,…
Key Takeaways: – Cedar, a real estate software development company, has secured $3 million in seed funding to create a product that helps developers find urban infill properties for housing development. – The company believes that urban development complexities are causing a shortage of housing in urban centers, leading to affordability challenges. – Cedar’s platform…
Key Takeaways: – The author discusses their frustration with missing out on market opportunities and trends in real estate investing. – They highlight the benefits of investing in preferred equity, such as immediate cash flow, payment priority, lower risk exposure, and tax benefits. – The article explains why now is a unique window of opportunity…
Key Takeaways: – The No. 1 reason for mortgage loan denial is a problem with the applicant’s credit score. – In a market where every loan matters, it is important to take a closer look at the borrower’s credit score. – The borrower’s credit score is the only aspect of the deal that can change…
Key Takeaways: – The author and their family live a comfortable lifestyle on $45,000 per year by combining remote work, passive income, their spouse’s stable job, and intentional frugality. – Keeping expenses low is crucial for building wealth and working towards financial independence. – Choosing affordable travel regions, finding free or inexpensive housing options, and…
Key Takeaways: – Selling Sunset is returning for a new season just six months after the release of Season 6 – The show follows agents from The Oppenheim Group’s LA office – Season 6 ended with drama and conflicts between the agents – The agents from the Newport Beach office, who star in Selling the…
