As the housing market continues to be marked by high mortgage rates and record-breaking home prices across many U.S. regions, renting continues to play a pivotal role for millions of people. Currently, more than 44 million U.S. households rent their homes, a figure that is expected to continue to rise as economic conditions make homeownership…
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‘Man-made disaster’ may make it trickier to buy or sell a home in some places this fall, expert says
Looming expiration for the largest U.S. flood insurance program may hold up some home sales this fall, just as the Federal Reserve is expected to cut interest rates.
Mike Roberts is about to make his first early payoff (EPO) penalty in two years after finding out that one of his clients refinanced a $355,000 loan with a 7.25% rate that Roberts closed in April. “The amount that we received in yield spread was 1.72%, which equates to $6,106,” said Roberts, co-founder and president…
Although the industry is barely than a week into the “new normal,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [National Association of Realtors] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate,…