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BREVARD REAL ESTATE MARKET WATCH: Best Time to Sell? When Competition is at an All …

BrokerOwner.net July 9, 2020

The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in the …

Westchester Home Sales Drop to Recession-Era Lows

BrokerOwner.net July 9, 2020

Westchester Home Sales Drop to Recession-Era Lows. Sales volume declined across New York’s northern suburbs in the second quarter, although …

Real Estate Strong as New Property on Sullivan Square Hits the Market

BrokerOwner.net July 9, 2020

Any worries that COVID-19 might stifle the real estate market and sales in Charlestown have been put aside when it comes to the newest property on …

Summer Sales

BrokerOwner.net July 9, 2020

Home square footage includes approx. 1060 square feet in lower level. Sale Price: $2,310,000. Assessed Value: $1,525,000. Real Estate Taxes: …

Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low

BrokerOwner.net July 9, 2020

SEATTLE, July 8, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The housing market closed out the month of June on somewhat uneven footing as …

Chicago brokerage launches program to get more people of color in real estate

BrokerOwner.net July 9, 2020

Degani said leasing is a good place to begin because “you start making an income right away,” while in real estate sales, “you don’t make any money …

Contingencies in a Real Estate Purchase Agreement

BrokerOwner.net July 9, 2020

Home Sale Contingency: This contingency is not used as commonly as it once was. It allows a buyer a specified time period to sell their current home …

Best Up & Coming Housing Market in Kentucky? Ludlow.

BrokerOwner.net July 9, 2020

Ludlow has the best up and coming real estate market in Kentucky, according … home value trend from 2019 to 2020, the monthly trend in home sales …

Mortgage rates fall to all-time lows

BrokerOwner.net July 9, 2020

Rates for a 30-year and 15-year fixed mortgage fell to all-time lows this week as a resurgence in the pandemic caused investors to buy more bonds, including mortgage-backed securities. The average rate for a 30-year fixed mortgage was 3.03%, down from 3.07% last week. That marks the lowest in a

Gentrification comes from lack of housing supply, Urban Institute says

BrokerOwner.net July 8, 2020

A recent study from the Urban Institute reveals that higher housing costs as a result of the shortage of housing inventory is leading affluent buyers to seek out low- or moderate-income neighborhoods. This creates gentrified neighborhoods. Due to historical housing inventory shortages, gentrification is happening quicker. According to the 2018

Forbearance rate declines after June’s economic improvements, but will it hold?

BrokerOwner.net July 8, 2020

The U.S. mortgage forbearance rate fell to 8.39% in the last week of June, down from 8.47% a week earlier, as businesses reopened and the jobs market improved, according to a report on Tuesday from the Mortgage Bankers Association. But will it hold? The drop in forbearances came as the

5 things mortgage pros must know about Quicken Loans’ Rocket Companies IPO

BrokerOwner.net July 8, 2020

This week a Quicken Loans SEC filing confirmed the company will IPO with Rocket branding, as I predicted in HousingWire last month. Below, I explain why this is important, what it means for consumers and key things all mortgage pros must know about this milestone event in our industry. 1.