Palm Beach County Single-Family Home Sales Increase in November
Palm Beach County single-family home sales increased year-over-year in November 2019, according to the MIAMI Association of Realtors (MIAMI) …
Real Estate Broker/Agency News
Miami Condo Sales Increase in November; Eight Consecutive Years of Price Appreciation in Miami
Miami existing condo sales increased 1.0%, from 1,050 to 1,061. Miami single-family home sales decreased 2.4%, from 996 to 972. Pending sales …
San Diego median home price hits all-time high of $594K
The National Association of Realtors said existing-home sales had declined by 1.7 percent in November as buyers have less to chose from. “The new …
Guess what? Spring homebuying season now starts in January
For all the talk about spring homebuying season being the prime time for the real estate market, it turns out that homebuying season starts when it’s much colder outside. According to Realtor.com, homebuyers have started their home search earlier and earlier over the last several years. As Realtor.com notes, historically,
Mortgage Network hires new SVP of residential lending
Mortgage Network, an independent mortgage lender in the eastern U.S., announced this week that Ryan Hayes has joined the company as senior vice president of residential lending. According to the company, Hayes will work with the company’s leadership to “pursue strategic development and growth opportunities” in an effort to strengthen
SALT relief: House votes to kill cap on property tax deductions
A day after impeaching President Donald Trump, the House of Representatives was back in session debating and passing a bill to eliminate the federal cap on property tax deductions. The bill, HR 5377, passed Thursday by a 227 to 196 vote. It nixes the provision in the 2017 Republican tax
Americans’ credit scores are higher than they’ve been in 8 years
Americans are more in debt than they’ve ever been, but thanks to a solid economy, the vast majority of people are still able to pay their debts on time. And that’s pushing credit scores to levels not seen since the early part of this decade. According to new report from
Median home prices are still unaffordable in majority of U.S.
Median home prices remain unaffordable for most. According to a new report from ATTOM Data Solutions, median home prices in the fourth quarter of 2019 were classified as unaffordable for the average wage earner in 71% of the U.S. counties analyzed. However, in Q3, that figure was 73%. A year
Lack of housing supply sends home sales retreating in November
The nation’s existing-home sales declined 1.7% in November, according to the National Association of Realtors. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – fell to a seasonally adjusted annualized rate of 5.35 million. However, sales are still 2.7% above November 2018’s rate. Lawrence Yun, NAR’s chief
Freddie Mac: Mortgage rates remain stagnant
This week, the average U.S. fixed rate for a 30-year mortgage held steady at 3.73%. Although this rate remains the same as last week’s percentage, it’s still more than a percentage point below the 4.55% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. The 15-year FRM averaged 3.19% this week,
Engage.talent summit tackles the most pressing issues for mortgage recruiters
Mortgage companies are in a pitched battle for talent. From top-performing loan officers to sales, operations and fulfillment professionals, attracting and retaining the best of the best is increasingly difficult. That’s why HousingWire created our engage.talent summit — a one-day conference in Dallas on Feb. 6 packed full of insights from
Million dollar homes and taxes
Keep in mind the state of New York has had a 1 percent surcharge on all home sales over $1 million for many years. This tax stays the same for New …
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