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Sun West Mortgage adds NFT to pre-approval process
...it comparable to an all cash offer.  The mechanics behind a home sales transaction change. The homebuyer is now the seller of a NFT if the property owner agrees to accept the offer, Sun West......

Zombie homes increase for a second quarter as foreclosures rise
...5.6%. As foreclosure numbers inch up to more normal levels, the housing market at large is also trying to achieve greater balance after setting records for volumes and price growth last year......

School of Multifamily Property Inspections: September 2022: Washington, D.C.
...Inspection: The Inspection Process Environmental Issues Assisted Living and Senior Housing Affordable Housing Market Matters Property Rating Systems: Fannie Mae & Freddie Mac The Physical Asset......

Wayfair Laying Off 870 Employees—Here Are The Major U.S. Job Cuts Amid Growing Recession Fears
...company’s 8,500 employees — amid a precipitous downturn in the housing market that’s “contracted sharply and abruptly,” CEO Frank Martell said in a statement. July 11, 2022Electric automaker......

The Three I’s Of August: Inflation, Interest Rates, And Instability
...prices appear to be stabilizing. Of course, that’s matched by increasing mortgage rates and a commodity market reset in Q2 that took away one of the last safe havens for long-only investors. Those......

Selling a home in Arizona
...club. Many Grand Canyon State homeowners are trying to capitalize on the housing market right now: Data from the Arizona Association of Realtors shows that the number of listings in the state......

Compare today’s mortgage and refinance rates, August 19th, 2022 | Majority of rates rise
Mortgage rates were mostly up compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 5/1 ARMs, and jumbo loans moved higher, while 15-year fixed rates......

Current Mortgage Rates for Aug. 19, 2022: Rates Move Up - CNET
...loan, see how your payments might be affected by inflation. Some important mortgage rates crept upward today. Average 15-year fixed mortgage rates stayed the same, while average 30-year fixed......

U.S. mortgage lenders are starting to go broke
...points this year in an effort to tame inflation, and 30-year US mortgage rates have surged above 5% for government-backed loans. That's close to their highest levels since the financial crisis......

Stocks recover. For now
...US hoing market Something strange is going on in the hoing market. New home sales dropped for the sixth month in a row in July, reports my CNN Biness colleague Anna Bahney. At the same time, prices......

Mortgage rate spikes force many potential homebuyers to rethink their plans
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When is the best time of year to buy a house?
...fears of a recession and increasing interest rates, the volume of existing home sales declined 14.2 percent year-over-year between June 2021 and June 2022, according to the National Association......

Best 4-year CD rates – August 2022
...there are limits to the amount of insurance. Each depositor at an FDIC bank is insured up to $250,000 per insured bank, per account category. The standard share insurance amount at an NCUA credit......

Best 3-year CD rates – August 2022
...accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA). When selecting the best CD for you, consider the purpose of......

Best 5-year CD rates – August 2022
...not well known, as long as it’s a member of the FDIC, you can rest easy knowing each depositor (that’s you) is protected up to at least $250,000 per insured bank. At a National......

Investor homebuyers are still splurging but their market share shrunk
...to use their deep pockets to scoop up single-family homes as rising mortgage rates dampen homebuyer demand. Those buyers, made up of institutions and other businesses, bought 19.4% of homes......

Mortgage Rates Settle In the 5% Range
...search. IE users, please download Firefox, Chrome, or Edge. August 18, 2022 Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year......

US home sales slide almost 6%, fueling speculation that the market is in a 'recession'
Home sales in the U.S. fall for the sixth month in a row, the NAR said. The fall now has both realtors and homebuilders thinking the market is in a......

What is a closing statement?
...selling costs associated with that transaction. It’s a standard element of home sales, especially those that involve mortgages, and refinancings. As the name implies, this summary of expenses......

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate
...for the C5 Summit this week in New York, the second year NAR has hosted the commercial real estate conference. (The “5” in the event title stands for capital, connect, commerce, community, and......

Latest Home Sales Data Points to ‘Housing Recession’
...housing report. “We’re witnessing a housing recession in terms of declining home sales and home building,” says NAR Chief Economist Lawrence Yun. “However, it’s not a recession in home prices......

Mortgage rates drop as inflation concerns ease
Mortgage rates took a step back over the past week as inflation worries eased, Freddie Mac reported. The 30-year fixed-rate mortgage average declined 9 basis points to 5.13% for the......

Buying a house in Arizona: A how-to
...expenses beyond the purchase price that you’ll pay at closing, including title insurance, escrow fees, lender fees and more. Consider whether you’ll live in the home long enough to justify those......

Plunging Home Sales Push Prices Down From Record Highs—Here's What Experts Predict As Housing Market Turmoil Continues
...on the conversation bubble to join the conversation Got it! Topline Existing home sales fell for the sixth-straight month in July as rising affordability concerns sideline potential home buyers—and......

Home sales fell for the sixth month in a row, but prices kept rising
Home sales declined for the sixth month in a row in July as higher mortgage rates and prices ph prospective buyers out of the market. Nevertheless, home prices continued to climb......