2022 borrowers paid 22% more in closing costs, largely paying points to snag a lower interest rate. Even so, average monthly mortgage payments rose 46%.
Study: Fla. leaped past New York to be No. 2 in housing values, trailing only Calif. S. Fla. (No. 5) and Tampa (No. 18) made the “top 20 most valuable metros” list.
The score fell to 103.0 from August’s 108.7 – but attitudes about current conditions actually rose about a half point. Future expectations, however, took a hit.
New member benefit will enhance Realtors' safety and mitigate risks by verifying identities and validating info from potential clients – using just a phone number.
Realtors have the ability to modify contract terms through optional clauses, riders and/or addenda. To effectively represent a vast array of clients, agents should know their list of options and how each works as part of the full contract.
Rising interest rates not only make homes more expensive for buyers, they raise the cost of building materials.
Barring a change, national flood insurance expires midnight Sat. along with other federal functions. NAR posted a Q&A on what that means for transactions.
Dear Shannon: A broker listed a property to include a rental apartment upstairs, figuring the new buyer could get the zoning changed. But it wasn’t zoned for a residential apartment when listed. Should a complaint be filed against the commercial listing broker?
A lead gen is a phone call, text or email. A conversion turns that lead into an exclusive client relationship that leads to a closed transaction.
The index that tracks Fannie Mae/Freddie Mac sales found a 0.8% month-to-month increase in July as housing prices continue to rise despite higher mortgage rates.
