National Real Estate News

Dec. 6, 2019

Long-Term Mortgage Rates Unchanged at 3.68%

Rates held steady, and while unchanged from last week, they’re still down more than a full percentage point compared to one year earlier.  

WASHINGTON (AP) – U.S. long-term mortgage rates held steady this week amid mixed signs in the housing market. Rates remain at historically low levels as ...

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Dec. 5, 2019

Study: Which Tactics Work Best in a Bidding War?

No surprise: Cash offers are the top negotiating tool, and personal letters come in second. However, waiving the inspection contingency didn’t help very much.

SEATTLE – Cash offers are overwhelmingly top way for home shoppers to emerge as a victor in a bidding war. An all-cash offer tends to triple ...

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Dec. 2, 2019

Opportunity Zone Buyers Get More FHA Loan Remodeling Money

HUD says that homebuyers taking out an FHA 203(k) loan, which adds extra money for upgrades, can now get $15K more, or up to $50K rolled into a single mortgage.

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that the Federal Housing ...

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Nov. 26, 2019

Study: Lots of Listings Coming as Baby Boomers Age

Boomers own about 1/3 of all U.S. properties and 27% of them will sell their home within the next 20 years – but some metros will feel the impact more than others.

 

SEATTLE – Builders have struggled to overcome land scarcity and rising labor costs and materials ...

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Nov. 25, 2019

Real Estate Q&A: I didn’t pull permits. Will that come back to bite me?

A do-it-yourself homeowner made improvements years ago but never pulled a permit. Now he wants to sell. Will these unpermitted changes cause a problem?

 

FORT LAUDERDALE, Fla. – Question: Years ago, I renovated my home doing much of the work myself. Since I was working on my house, all ...

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Nov. 20, 2019

October Housing Starts Climbed 3.8%

Single-family housing starts rose 2%, largely because of construction in the West and South, while apartment building construction rose 6.8%.

WASHINGTON (AP) – U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand.

The Commerce Department said Tuesday ...

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Nov. 19, 2019

CoreLogic: Fewer Homebuyers Pay More than Asking Price

In 2Q 2019, about 15% of U.S. homes sold for the asking price while 67% sold for less, as bidding wars and over-asking-price offers continue to slow.

 

NEW YORK – For homebuyers and sellers, the original list price is the conversation starter, yet rarely the final word – ...

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Nov. 18, 2019

Fear the Uptick in Risky Loans? It’s Nothing Like 2008

In 2018, the number of unconventional mortgages was less than 3% of the market; in 2006, they were 39%. And negative-amortization loans have all but disappeared.

NEW YORK – Housing analysts are hoping it’s not a case of déjà vu. Unconventional mortgage lending is on the rise, in 2018 reaching ...

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Nov. 1, 2019

Builders’ Attitude About 55+ Market Back to Record High

The increasing number of retiring baby boomers has helped push NAHB’s 55+Housing Market Index up to match the all-time high recorded earlier.

WASHINGTON – Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019 to 72 – a record-setting high matched only ...

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Oct. 30, 2019

September Pending Home Sales Hit 21-Month High

NAR’s Pending Home Sales Index rose 1.5% to 108.7, and year-over-year contract signings jumped 3.9%, thanks in part to lower interest rates.

WASHINGTON– Pending home sales grew in September, marking two consecutive months of increases, according to the National Association of Realtors® (NAR). The four major regions ...

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