It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February. According to Redfin, an online real estate brokerage, 65 percent ...
Read More »Florida, Texas, Most Likely to See Flood Insurance Hikes
It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance ...
Read More »Affordability and the Impact of Remote Work on Housing Preferences
One thousand people took part in Fannie Mae’s third quarter 2021 National Housing Survey and reported back that affordability and remote work are still very much important to members of all demographics and age groups. The survey was conducted by Fannie ...
Read More »Delinquency Rate Drops to Record Low
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of ...
Read More »Home Price Decreases Not Expected
In March, the U.S. Federal Reserve increased interest rates by a quarter of a point to address rising inflation and a litany of other economic problems stemming from the COVID-19 pandemic. Among other things, this interest rate increase was expected ...
Read More »Mr. Cooper Taps New Appointment as EVP and CFO
Mr. Cooper Group Inc. has announced the appointment of Jaime Gow as Executive Vice President and Chief Financial Officer. Gow succeeds Chris Marshall, who has served as Vice Chairman and President since June 2021. As CFO, Gow will continue to ...
Read More »Foreclosure Activity Increases for Eleventh Consecutive Month
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for March and the first quarter of 2022 which has found that there was a total of 33,333 properties with foreclosure filings against them, up 29% from February (which ...
Read More »Uncovering Natural Disaster Insurance Gaps
The consumer question at bay, do insurance companies cover natural disasters? The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes. ...
Read More »Rent Prices Find New High in March
Increasing prices and pressures in the purchase market are creating more demand for rentals, pushing up rent prices to record levels.
Read More »Lawsuits Over Floorplans May Become Reality if Ruling Stands
The National Association of Realtors (NAR), among a group of 18 companies and organizations, is leading the charge against a recent court ruling that allows lawsuits to be brought against homeowners that use their own floor plan during the course ...
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