Habitat for Humanity may have to delay affordable-home builds as land costs rise – the one element of its program that needs money in addition to donations.
Nest Seekers Chief Economist Erin Sykes says the market’s long-term health works best if rates stay in the 6% range. After a 2% flash sale ends, sellers just hunker down.
An insurance watchdog group alleges insurers illegally reduced disaster estimates after Hurricane Ian and says it will submit the crime evidence to Fla. law enforcement.
But U.S. metros aren’t all the same. Of the top 10 states for price declines, 8 of 10 are in the West, as Miami, Tampa and Atlanta show the biggest price jumps.
ChatGPT fake writing can now be used with software that imitates voices. That means a seemingly personal call from a client, title agent or friend could be a scam.
A Newsday report on Long Island, N.Y., housing discrimination led the state’s attorney general to investigate. This week she announced a settlement with Coldwell Banker.
Handwritten correspondence was once expected. Today it suggests a personal relationship and Realtor who actually cares, even though machines can now pen letters.
Multifamily starts surged 24% in Feb., suggesting future relief for renters and condo buyers, but single-family starts rose only a marginal 1.1%.
Census Bureau: Over a five year period (2016-2021), the number of these renters who can afford to buy rose 87%. Reasons vary, but most understand the value of ownership.
After five weeks of increases, the average rate for a 30-year, fixed-rate mortgage fell to 6.6% from last week’s 6.73%. One year earlier it was 4.16%.
