Thu.Nov 19, 2020

Mortgage rates break record again, down to 2.72%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record set on Nov. 5 by 6 basis points.

Will Mortgage Rates Remain Low Next Year?

Keeping Current Matters

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year.

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DOJ sues NAR for alleged antitrust violations

Housing Wire

The Department of Justice (DOJ) filed a lawsuit against the National Association of Realtors (NAR) on Thursday, alleging a series of violations of antitrust law, including commission arrangements and consumer disclosure requirements.

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10 Tips to Generate Listings Ninja Style

RIS Media

During a time when the real estate market is hot, real estate agents are having trouble finding one thing: listings. This year is completely unprecedented, and you may feel that you need a few tips to generate more listings for your business.

Existing home sales increase for the fifth month in a row

Housing Wire

Existing home sales grew for the fifth consecutive month in October, up 4.3% from September to a seasonally adjusted annual rate of 6.85 million, according to a report from the National Association of Realtors on Thursday. Compared to last October, sales are up 26.6%.

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Existing-Homes: Sales Jump to 6.85 Million in October

RIS Media

Existing-home sales continued to rise in October, marking five consecutive months of month-over-month gains, according to the National Association of REALTORS ® (NAR). All four major regions reported growth both month-over-month and year-over-year, with the Midwest leading all regions in growth.

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Is now the right time to refinance? 3 strategies to know when to refinance your home

The Morgtage Report

Wondering when to refinance your home? Here are 3 trusted ways to evaluate refinance rates and savings to find out if a refinance is worth it for you. Cash Out Refinance Home Equity Homeownership Topics Mortgage Products Mortgage Rates Mortgage Strategy Refinance

How will California’s Proposition 19 impact property taxes?

Housing Wire

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties.

2 Trends From 2020 That Will Carry Over Into Next Year

RIS Media

This has been a year of upheaval for real estate, but now that we are nearing the end of 2020, we can look back and see how we made it through after adapting quickly and becoming more flexible in how we do business.

Companies with MISMO RON certificate double in three months

Housing Wire

Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification.

‘We Are Sorry’: New NAR President Apologizes for Past Policies That Contributed to Racial Inequality

RIS Media

Over the last year, the National Association of REALTORS® (NAR) has taken steps to reaffirm its commitment to Fair Housing. This past summer, for example, NAR launched a Fair Housing extension campaign as part of its “That’s Who We R” efforts.

Knock’s Home Swap solution expands to North Carolina

Housing Wire

Homeowners in Charlotte, North Carolina and Raleigh, North Carolina can now use Knock Home Swap to purchase their new home before selling their old one. The solution is now available in 11 markets in six states.

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A Change in Company and Brand Can Result in a Better You

RIS Media

Evolve or be extinct. It’s a mantra in business, and for me, it led to a turning point in my life and my real estate career. And, despite many successes and multiple sales achievements, a voice kept ringing in my head. Is there more for me as a solo agent? Do I need more for the future?

Industry gives mixed reviews of FHFA’s Final Capital Rule

Housing Wire

The mortgage industry is responding with mixed reviews to the Federal Housing Finance Agency ‘s Final Capital Rule for mortgage giants Fannie Mae and Freddie Mac, which it released on Wednesday. The final rule mandates that the GSEs maintain tier 1 capital in excess of 4% to avoid restrictions on capital distributions and discretionary bonuses. According to the FHFA, the increase in required capital is due in part to the increase in the enterprises’ adjusted total assets to $6.6 trillion.

Investment and rental property mortgage rates: How much more will you pay?

The Morgtage Report

Investment property mortgage rates are above current market rates. Learn what impacts your rate and how to find the best rental property financing. Mortgage Rates Mortgage Strategy Real Estate Gina Pogol Housing investment property mortgage rates mortgages

The home inspection – An inspector’s perspective

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: The home inspection – An inspector’s perspective.

Canada Saw Tens of Thousands of Six-Figure Earners Apply For Emergency Income

Better Dwelling

Canada’s emergency benefit applications are giving a little more insight into income disruption. Canada Revenue Agency data presented to the House of Commons shows a breakdown of CERB applicant income from last year.

Existing Home Sales Continue Upward Trend

Eye on Housing

Fueled by record-low mortgage rates and strong demand, existing home sales, as reported by the National Association of Realtors (NAR), rose for a fifth consecutive month in October and reached its highest level in almost 15 years.

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Self-Guided Beach Cleanups Every Saturday

Waterfront Properties

On Saturday mornings throughout the year, The Loggerhead Marinelife Center hosts a Self-Guided Beach Cleanup. Every weekend, volunteers head to the beach to participate in helping to keep our local beaches and ocean clean from debris and trash.

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NAR updates code of ethics – here’s why it matters

The American Genius for Real Estate

(REAL ESTATE ASSOCIATION) The NAR amended their code of ethics to cover hate speech online - a decision for which we’ve been waiting for years. The post NAR updates code of ethics – here’s why it matters appeared first on The American Genius Real Estate.

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Hold On to Your Hats! How the Coronavirus Has Changed the Home-Buying Game This Winter

Realtor.com

Blair_witch / Getty Images Winter is typically a buyer’s market. Between the chilly weather and the holidays, homes for sale often sit much longer without offers, which means that the few buyers who do venture out are poised to have the upper hand with sellers and get a great deal.

Quick Reaction to the NAR-DOJ Settlement on MLS

Notorious ROB

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DOJ sues NAR, alleges illegal restraints on Realtor competition

Inman

Proposed settlement would require the trade organization to repeal or change several rules the Department of Justice deems anticompetitive. MLS & Associations Select antitrust commissions doj NAR national association of realtors U.S. Department of Justice

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The 2020 Effect on the Housing Market: Homeowners Aren’t Immune to the Pain

Realtor.com

fstop123/Getty Images The financial pain wrought by COVID-19 has rippled through the housing market.

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National Association of REALTORS® Installs 2021 Leadership

RIS Media

Charlie Oppler was installed as 2021 president of the National Association of REALTORS® (NAR) during the 2020 REALTORS® Conference & Expo. Oppler was NAR’s 2020 president-elect and 2019 first vice president.

Existing-Home Sales Soar Despite Record-Low Inventory

Realtor.com

ozgurcankaya/Getty Images The numbers: Existing-home sales rose for the fifth consecutive month in October, as the housing market finally made up for the pandemic-related downturn in sales this spring. Total existing-home sales increased 4.3% from September to a seasonally-adjusted annual rate of 6.85

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Mortgage rates set new record low for 13th time in 2020

Inman

The average 30-year mortgage hit an all-time low of 2.72 percent this week, according to data from Freddie Mac released Thursday. Mortgage Select ellie mae freddie mac mortgage Sam Khater

Property Managers Discuss Rental Assistance, Industry Challenges Brought by COVID-19

RIS Media

As it continues to push for nationwide rental assistance programs, the National Association of REALTORS® (NAR) recently welcomed representatives from the Institute of Real Estate Management to discuss how industry professionals are addressing rent abatement requests popping up across the U.S.

Mortgage and refinance rates today, November 19, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. They’re getting […]. Mortgage Rates Now

4 Tips For Selling Your Southern California Home Safely During COVID-19

First Team Real Estate

As the coronavirus pandemic continues to affect our daily lives, the real estate industry has quickly and successfully adapted to meet the needs of home buyers and sellers.

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