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Seller Concessions in Real Estate Explained

Realty Biz

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

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UWM expands buydown options to combat high mortgage rates

Housing Wire

With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3% of the respondents were from the Southwest, 21.3%

Mortgages 319
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Home prices will drop to 2008-levels in these four cities: Goldman Sachs

Housing Wire

The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular. fell by approximately 27%, according to the index.

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Reverse mortgage volume, securities issuance fall in February

Housing Wire

to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI). There may also be some easy, repeatable practices you can take from higher-volume regions that haven’t been fully explored in smaller markets yet.

Mortgages 358
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Here’s What You Missed This Week in Real Estate: Hot Sheet Recap March 13th-17th

Broke Agent Media

There’s an immense amount of real estate news and data to sift through every week—not to mention the trends that are happening in your local market. That’s why BAM started the Hot Sheet —to break down the last 24 hours’ worth of news in the industry every morning the markets are open. But we couldn’t leave it off a weekly recap.

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Surging mortgage rates prompt borrowers to leave no stone unturned

Housing Wire

“The 30-year fixed-rate mortgage broke 7% for the first time since April 2002, leading to greater stagnation in the housing market,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Temporary rate buydowns are not new, but tend to receive more attention when rates surge, according to industry experts.

Mortgages 363