There’s an interest uptick in reverse mortgages, notably from older adults on fixed incomes coping with inflation. They can be a good option – but also a bad one. TUCSON, Ariz. – If you watch any television, you’ve likely seen well-known voices, like actor Tom Selleck, touting reverse mortgages as a valuable tool for anyone in … Read more
The GAO found that federal offices have challenges like the private sector. In comparing building capacity to employees, none used over 50% and some used only 9%. WASHINGTON – The Agriculture Department is headquartered at the gateway between Washington and Virginia in a building rich with history – but on any given day, roughly 90% … Read more
Albany, N.Y., homes went under contract in 8 days in Sept., followed by Rochester (9) and Grand Rapids, Mich. (9). In 8 Fla. metros, it ranged from 25-58 days. SEATTLE – The U.S. supply-demand balance for real estate has shifted over the past year. In Albany, N.Y., the typical home sold in September went under … Read more
Years of soaring prices and a limited inventory of for-sale homes has stressed buyers for years, but today’s market remains a profit goldmine for most sellers. LOS ANGELES (AP) – Despite a housing slump going back more than a year, soaring home prices in recent years and a stubborn shortage of properties on the market … Read more
If you can tell what’s trending by looking at the words becoming more common in listings, expect demand for brutalism, sensory pathways and cold plunge pools. NEW YORK – Ready to boost your home value as much as possible? With high mortgage interest rates putting a damper on home prices, now is the time to … Read more
A verdict in the Kansas City trial is expected Nov. 10. “NAR fundamentally disagrees with how (they’re) characterizing our rules,” says NAR’s top legal officer. KANSAS CITY, Missouri – The National Association of Realtors® (NAR), along with HomeServices of America and Keller Williams Realty, begin trial Monday in Kansas City, Mo., in the case Burnett … Read more
Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in. BOSTON – One out of every 5 homeowners who moved within the last three years now regret their decision. Many Americans relocated either permanently or temporarily because of the COVID-19 … Read more
A diverse group of RE professionals – Asian, Hispanic, LGBTQ+ and women – say they will jointly oppose the “vocal minority” who fight against diversity. CHICAGO – Organizations representing Asian, Hispanic, LGBTQ+ and women professionals say persistent discrimination in housing must be stopped. Four major organizations representing diverse groups in the real estate profession have … Read more
TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
However, the 30-year fixed-rate mortgage remains near the 22-year high it hit three weeks ago. Last week, it was 7.18%. LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell again this week but remains near the 22-year high it hit three weeks ago, offering little relief for house hunters facing persistently high prices … Read more
© 2024 Galleria International Realty
