Although mortgage rates now stand higher than they did just a couple months ago, more people are applying for loans to buy homes. The 30-year fixed-rate mortgage averaged 3.75% during the week ending Nov. 14, up six basis points from the previous week, Freddie Mac reported Thursday. Last week, mortgage rates had
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American homeowners aren’t feeling the pinch from housing costs like they used to—but that’s not necessarily reason to celebrate. Only 20.9% of homeowners with a mortgage were cost-burdened as of 2018, meaning that they spent at least 35% of their monthly household income on housing costs, according to new data from the
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Mortgage rates dropped in the past week after rising in six of the last nine weeks, including most of the month of October. The 30-year fixed-rate mortgage averaged 3.69% during the week ending Nov. 7, down three basis points from the previous week, Freddie Mac reported Thursday. The rate on the
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A Portland suburb is poised to vote on a law that taxes anyone who demolishes a home, the latest salvo in the fight over how to create more affordable housing in the state. Legislators in Lake Oswego, an affluent town of about 38,000, have proposed a law that would place
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Despite the interest and awareness of iBuyers, however, 92 percent still want to work with a Realtor, according to a new consumer survey by the Houston Association of Realtors. Read More
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Cofounder leaves board of pre-fab construction startup Katerra in latest executive shakeoff, after report that it has pulled out of a number of construction projects. Read More
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The slick 18th-floor penthouse deal marks one of the most expensive condo sales in Los Angeles of all time. Read More
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Paris-based Leavy.co, a startup that rents rooms from travelers in order to sublease them, has its sights set on the U.S. Read More
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The brokerage now has 14 offices with nearly 1,000 agents and a combined $2 billion in sales volume in 2018. Read More
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In this episode of “Smart-home tech for agents,” we compare six sensors available on the market right now to help your clients decide which is best for their home. Read More
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In our ongoing quest to find the best handlers, we ask that you take this one-question survey to share your top strategies with the masses in our weekly Tuesday column. This week’s situation: Your buyers want to put in a lowball offer. What do you do? Read More
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Whether for a new agent, a techie or an architecture junkie, we’ve got you covered for the holiday gift-giving season. Read More
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