Apr 12, 2024 | News
Jamie Dimon evidently believes in the KISS principle when it comes to mortgage — keep it simple, stupid. In his annual letter to shareholders, the influential head of JPMorgan Chase wrote that “we can fix the housing and mortgage” markets. “For example, mortgage...
Apr 12, 2024 | News
Michaela Vatcheva/Bloomberg via Getty Images Mortgage rates jumped this week, giving homebuyers in the midst of the busy spring housing market cause for concern. The average rate for a 30-year fixed home loan rose from 6.82% to 6.88% for the week ending April 11,...
Apr 12, 2024 | News
As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers...
Apr 12, 2024 | News
Foreclosures remained relatively stable in the first quarter of 2024 and homeowners continue to hold significant equity. In March, there were 32,878 U.S. properties with a foreclosure filing, down less than 1% from the previous month and down 10% from a year ago....
Apr 12, 2024 | News
Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home. Nearly two in five (38%) U.S. renters don’t believe...
Apr 11, 2024 | News
Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report, which will likely keep mortgage rates elevated for the foreseeable future. The median monthly U.S. housing payment hit an...
Apr 11, 2024 | News
U.S. Consumer Prices Rose 3.5 Percent in March, Hotter Than Expected The Consumer Price Index (CPI) experienced a more rapid increase than anticipated in March 2024, driving up inflation and diminishing the likelihood of the Federal Reserve reducing interest rates in...
Apr 11, 2024 | News
Many real estate executives and analysts believe that the Department of Justice, now with the green light to reopen its investigation into the National Association of Realtors, will shake up the civil commission lawsuit settlement agreement. But legal experts are not...
Apr 11, 2024 | News
Nearly 20% of recent buyers have no idea who paid their agent and how the amount was determined. 39% of homeowners with plans to sell think a 3% buyer’s agent commission seems high, but nearly the same share think it seems just about right. More than one-quarter of...
Apr 11, 2024 | News
R New York, a brokerage boasting approximately 800 agents, has joined the American Real Estate Association, an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly...
