“It’s too expensive,” isn’t a good excuse. Lenders can “force-place” insurance that owners must pay – and that coverage protects the lender more than the owner.
One agent’s take: “Some sellers are having a hard time grasping that we’re not in a housing-market frenzy anymore … that they missed the boat on getting a high price.”
It’s the fifth consecutive month for a pending-sales decline. They were lower year-to-year in all four U.S. districts and increased month-to-month only in the Midwest.
FHFA announced new conforming loan limits for 2023, and most buyers can borrow up to $726.2K without a jumbo loan – and it’s over $1M in some areas.
Think you know the Code of Ethics backwards and forwards? Test your knowledge and have a little fun with this Code of Ethics quiz.
Newsletters are a direct and semi-personal contact with potential clients, and agents’ websites should strongly encourage visitors to sign up.
An inflation measure used by the Federal Reserve found prices up 6% in Oct. While still too high, it’s the lowest inflation price increase since Nov. 2021.
