Mega Chinese Real Estate Firm May Be in Default
Evergrande had more than $300B in debt, and default causes a huge ripple in the global real estate funding pond – but its investors face the immediate risk.
NAR to Congress: Improve Veteran Buying Process
Every U.S. veteran should be able to “build wealth through homeownership,” NAR Pres. Rouda Smith testified to a House Veterans Affairs subcommittee.
Study: Snowiest States Have Pricier Homes
If homes cost more in snowy states and upkeep is harder, why live there? Home prices in the top 10 snow-belt states exceed ones in the 10 least-snowy states.
Gov. DeSantis’ Budget Includes Housing, Environment
The budget – a proposal to the Florida Legislature for the 2022 session – includes a number of Florida Realtors’ legislative priorities, such as affordable housing aid.
Mortgage Rates Hold Firm Another Week – 3.10%
The Fed cut bond buying and may raise interest rates soon. But the 30-year, fixed-rate mortgage isn’t affected so far, down .01% from last week’s average.
Buying a Fixer-Upper? Some Raw Materials Hard to Find
Buyers planning to fix up an existing home face the same challenges new-home builders do: Expensive or hard-to-find items, such as appliances or lumber.
Are At-Risk Homeowners Better Off Selling?
In some cases, owners exiting forbearance can’t afford their home. But with rising values, many can still sell, turn a small profit and not harm a strong credit score.
Video Tools That Win Buyers’ Attention
Good, shareable video can expand a listing’s reach, but it’s underutilized by buyers’ agents. However, some private vendors can help video-averse agents.
Buyer Preferences for Home and Work Have Changed
Survey: Long-held ideas about work, home and commute times have been upended, and 41% of Americans would take a pay cut to live in a more affordable location.
Home Equity Lines of Credit Could Return in 2022
Mortgage rates have been so low that most homeowners refinance and take out cash for home improvement projects. But that could change when rates start to move up.