Mortgage Rates Head Higher Again, Hit 5.55%
The rate for a 30-year, fixed-rate mortgage rose almost half a percentage point (0.42%) this week after hovering just above 5% for a while.
Home Prices Dipped – Will They Now Plummet?
In some locations, prices will likely flatten or perhaps dip as much as 5% – but even with a slight drop in July, home prices were still up 10.8% year-to-year.
New Housing Won’t Arrive Anytime Soon
Many areas need more housing units to fill a shortage, but the new-home industry is slowing for a variety of reasons, such as higher mortgage rates and wary buyers.
Florida Realtors Honors 2022 Award Winners
Cheryl Lambert, 2021 president, is the 2022 Realtor of the Year. All award winners were recognized Thurs. at the annual convention’s in-person Awards Luncheon.
What to Do if a Social Media Post Goes Sideways?
On social media, an agent praised a group of bipartisan lawmakers who passed a favorable real estate bill – but comments weren’t bipartisan and the post took off.
RE Q&A: Why Won’t Condo Make Repairs?
A frustrated condo owner reports frayed carpet, peeling wallpaper and dirt, but her requests for action go unheeded. How can she force the fixes?
Wells Fargo Cuts Back on Mortgage Lending
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
FHFA Wants Advisory Board to Oversee Policy
The agency that oversees most U.S. mortgages wants an advisory board to help FHFA achieve its goal to create affordable, equitable and sustainable housing.
Struggling Americans Will Decide if It’s a Recession
Bank of America’s CEO says it doesn’t matter if the U.S. is officially in a recession because most consumers are in good shape and can withstand economic turbulence.
Fannie Mae Lowers 2022 Home Sales Projection
Fannie Mae expects a 16.2% drop in home sales year-to-year in 2022; one month earlier it predicted 15.6%, but “housing remains clearly on the downtrend.”