Aggressive rate increases have hurt the housing market, says NAR’s chief economist. “Inflation will not reignite (and will be) closer to 3% by the year’s end,” he says.
April prices increased 0.4% month-to-month, up from 0.1% in March. Inflation has clearly peaked, but rising items' costs still outweigh the ones going down.
A real estate influencer has lots of followers and can steer industry conversations. By joining in, you gain respect and can attract more potential leads.
FHA Commissioner Gordon told Realtors that a recent 30-basis point insurance reduction makes FHA loans cheaper, including its 203(k) rehab option and ADUs.
For today’s homebuyers, 1 out of 3 potential listings is new construction. Historically, new homes only make up 1 out of 10 for-sale listings.
Buyers would be hurt financially if the U.S. defaults on its debt June 1 – and institutional investors are a “tremendous threat” to the American dream.
Even under new loan-fee rules, borrowers with low credits scores pay higher fees (1.625% if a 660 score) than those with stronger credit scores (0.625% for 740).
Start by picking the right real estate school, then learn as you go and study for exams. Once licensed, pick a brokerage with a culture that fits your personality.
Many small businesses will likely find it harder to make capital purchases or even make payroll as smaller regional banks cut back on lending.
An example of AI technology is already on the market: Buyers tell the tech what their ideal home should have, and it generates a roster of those currently for sale.
