Home sales drop in July as high interest rates spook buyers

The housing market continues to cool amid high mortgage rates, low inventory and rising property insurance rates.The National Association of Realtors (NAR) suggested a 2.2% month-over-month drop from June, a seasonally adjusted annual rate of 4.07 million, according to its latest report.Despite a sh
Read MoreOpinion: Title companies committed to promoting homeownership for all

Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. This process can be even more difficult to navigate for those with limited financial resources, first-time homebuyers, and minority borrowers, especially in to
Read MoreMortgage forbearance improves in July

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association’s (MBA) monthly loan monitoring survey.The MBA estimates about 195,000 homeowners are in forbearance plans. Mortgage
Read MoreModernized Antique Structures Dot 52 Protected Acres In New Jersey

Its many antique buildings, including a five-bedroom main house with the original section dating back to the 1700s, have been expanded and updated to modern tastes.
Read MoreProtecting Your Home From Extreme Heat Damage

There isn’t a one-sized-fits-all approach or solution, as the study, appropriately named Scorched: Extreme Heat and Real Estate, pointed out.
Read MoreUnion Home Mortgage denies it illegally terminated pregnant worker’s employment

Ohio-based lender Union Home Mortgage denied sex discrimination claims made by a former employee whose employment was terminated while she was pregnant. The lender acknowledged employment termination but denied any unlawful conduct. Elizabeth Martin, a former loan officer assistant of UHM, filed sui
Read MoreNearly 40 housing tech firms make the 2023 Inc. 5000 list

The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut th
Read MoreHousing inventory is at its highest point all year

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. This is the
Read MoreRE/MAX lays off 7% of staff in reorg

Denver-based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission, layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost
Read MoreJudge in Zillow suit allows REX’s false advertising claims to stand

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate, the court made it clear that Zillow’s fight is far from over. A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Z
Read MoreThe Compass Cares Classic is serving up big donations for local charities

The Compass Cares program is the charitable arm of Compass, a real estate brokerage making big waves in the market. Compass was recently honored as a 2023 “Game Changer” by RealTrends. Compass isn’t only focused on national real estate sales, it is looking to make an impact at the local level. For e
Read MoreWill The Austin Housing Market Crash?

Like many cities in the U.S., the Austin housing market has experienced major ups and downs over the last five years. Find out if the Austin housing market could crash.
Read MoreTom Ferry, “Smart agents stopped complaining about the market”

You mindset impacts your real estate success and successful agents are looking toward the future, no wallowing in the uncertain market. Before you know it, 2024 will be upon us. The time is now to understand the market and some of the trends. We spoke with Tom Ferry, the Founder of Tom Ferry Interna
Read MoreInside A Colorful Silicon Valley Home That Is Splashed With Barbie Pink

California-based designer Kendall Wilkinson created a pretty-in-pink house for a client in Silicon Valley featuring shades of Barbie pink.
Read MoreAaron Rodgers Has The Most Expensive Home Among NFL Players

Former Green Bay Packers quarterback Aaron Rodgers owns a $28 million home in Malibu that ranks as the most expensive house among NFL players.
Read MoreNepo-Homebuyers: 40% Of Under 30s Received Family Money For Down Payment

An eye-popping 38% of recent homebuyers under age 30 used either a cash gift from a family member or an inheritance in order to afford their down payment.
Read MoreHigher mortgage rates haven’t increased inventory
Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023, and housing inventory growth was still slow. Purchase application data didn’t budge much on the week-to-week data.Weekly active listings rose by only 4,401.Mortgage rates went
Read MoreNo Room At The Dorm: As College Begins, Some Students Are Scrambling For Housing

Middlebury is paying students $10,000 to take the semester off. Other schools are housing students in everything from trailers to rooms at a casino resort—or leaving them to fend for themselves.
Read MoreSpruce Up Your Home With The HGTV Home By Sherwin-Williams 2024 Color Collection

We asked Ashley Danbury, color marketing manager at HGTV Home by Sherwin-Williams, for tips on how to use the 2024 Color Collection of the Year in your home.
Read MoreChina Credit Contagion Risk Is Phantom, Structural Challenges Are Real

Country Garden Holdings defaulted and China Evergrande Group sought Chapter 15 protection to keep creditor restructuring plans on track. Is this China's Lehman Moment?
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