First-time homebuyers have long faced a trifecta of high mortgage rates, low housing inventory and climbing home prices throughout much of the country, making homeownership a difficult journey. Despite these challenges, first-time homebuyers still made up the largest share (55%) of all agency mortgage purchase securities issuance in a...
The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week's average of 6.66% to an average of 6.74% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers: The 30-year FRM averaged 6.74%, down from last week...
The American Real Estate Association (formerly but no longer using the acronym AREA) conceived in January as a potential alternative to the National Association of REALTORS® (NAR), held its first event virtually, a “listening tour,” where they heard from agents across the country about their hopes and concerns for...
The multifamily rental market recently stabilized as housing market challenges persist, seeing its first price rise in seven months. Yardi's latest National Multifamily Report for February found that multifamily rents rose slightly by $1 to $1,713, while year-over-year growth was unchanged at 0.6%. The Northeast and Midwest continue to...
Late last year, Washington, D.C. Attorney General (AG) Brian L. Schwalb announced the filing of a lawsuit against Curbio, a national pre-sale home renovation platform, for allegedly taking part in a scheme targeting the elderly and financially disadvantaged. Curbio is a fix now, pay-at-closing home improvement solution for real...
As I prepare for the excitement ahead at the upcoming Berkshire Hathaway HomeServices Sales Convention in New Orleans, Louisiana, I can't help but anticipate all that this year's convention has in store. It's a time for networking, learning, recharging, and connecting in the vibrant city of New Orleans. Delving...
Today, the affluent are purchasing homes with an eye firmly fixed on this being a long-term investment, as the rate of price increases has slowed. With that has come a change in their philosophy on what they want from a new home. While location, price and size are still ...read more
Above, Eileen Doherty Eileen Doherty Sales Associate Lamacchia Realty, Inc. Woburn, Massachusetts https://eileendoherty.lamacchiarealty.com Region served: Middlesex County Years in real estate: 40 Favorite part of your job: Making the deal and seeing my seller happy. Motto/work philosophy that you live by: Treat others the way you want to be ...read more
PropStream, a real estate lead generation platform, is set to attend the 2024 REALTORS® Legislative Meetings in Washington, D.C., from May 4-9. With over 9,000 attendees, 50+ speakers, and 100+ exhibitors, NAR stated that the event is an opportunity for leaders in the real estate industry to help advance...
Following the usual pattern when mortgage rates decrease, mortgage applications increased this week, up 7.1% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending March 8, 2024. Of note this week was the continued percentage increase...