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The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.
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A Bright MLS survey found that for most buyers, high mortgage rates didn't affect their purchase decision, and many said it's gotten easier to find a home.
A Bright MLS survey found that for most buyers, high mortgage rates didn't affect their purchase decision, and many said it's gotten easier to find a home.
So far, week one of the Sitzer/Burnett bombshell class action antitrust buyer broker commission lawsuit has seen four of the five named plaintiffs testify in front of the jury. During their testimony, attorneys for the defendants, which now include National Association of Realtors , Keller Williams and HomeServices of America , had the opportunity, if they wished, to cross-examine the witnesses in addition to the questions posed by Michael Ketchmark, the lead attorney for the plaintiffs.
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Security expert Robert Siciliano teaches you the five red flags for this scam and shows you how to put a stop to this type of real estate fraud with a simple and effective email response.
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On Black Friday and the subsequent Cyber Monday annual shopping holidays this year, second home co-ownership solution Pacaso will offer zero percent interest on shares in select homes within its marketplace for the first three years of ownership.
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Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the "Crime Estate" podcast was born.
Nonfarm payroll employment increased in 40 states and the District of Columbia in September compared to the previous month, while nine states lost jobs. Wyoming reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 336,000 in September, following a gain of 227,000 jobs in August. On a month-over-month basis, employment data was.
Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. Remote work was in full swing, and consumers were desperately seeking to get out of the cities.
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