Borrowers still not aware of the impact of PMI
The cost of private mortgage insurance (PMI) for homebuyers still surprises many borrowers, if they ever become aware of it. It’s typically rolled into the monthly payment, and for many,….
Month: December 2023
21% think it’s a good time to buy a home (only!)
Soaring housing costs could affect the presidential election, especially among young liberals priced out of the housing market. Progressives urge action on the key issue to woo back key voters…..
Market Hopes for Fed Rate Cuts
Recent market speculation has been centered around the possibility of the Federal Reserve cutting interest rates. This anticipation stems from concerns about slowing economic growth and the potential impact of….
NAR membership dwindles for the 1st time since 2012
The National Association of Realtors (NAR) (“The largest trade association in America”) is facing a potential membership crisis, with nearly 6,000 members leaving in November alone. While the overall number….
Big Banks Lobby Against Tougher Regulations, Support Crypto Crackdown
Bank CEOs on Capitol Hill: Overall Message: Big banks are pushing back against stricter regulations while advocating for stronger controls on cryptocurrency. They see a potential recession looming but remain….
The Great Decoupling
In real estate, all eyes on New York City where, starting on January 1, 2024, in arguably one of the most important residential real estate markets in the world, not….
Mortgage Rates Now
Mortgage interest rates have been down over the past week, marking the fifth straight week of rates decreasing. This decline is promising for prospective homebuyers who need to buy now….