Mortgage applications rose 2.9% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 21, 2018. Notably, mortgage interest rates for 30-year fixed-rate mortgages reach another record high.
The latest research from NAR indicates that 77 percent of consumers say they believe now is a good time to sell a house—a record high.
In the aftermath of Hurricane Florence, a new problem is surfacing: The shrinking number of households that have flood insurance.
Economists point to signs that home prices may have peaked and suggest sellers might need to adjust their expectations.
The real estate giant is offering a new program that sets out to provide an option for quicker, less complicated sales.
The reverse mortgage industry has seen a number of proprietary products hit the market this year, and Kroll Bond Rating Agency is betting on their success. In its report, titled “Five Things to Know About Reverse Mortgages,” KBRA says reverse mortgages require analytical considerations that can differ significantly from forward mortgages. Here’s what it said investors should know.
Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
Simone Grimes, the Federal Housing Finance Agency employee who accused Director Mel Watt of sexual harassment, has been invited to testify at the House Financial Services Committee’s upcoming congressional hearing on oversight of the agency, according to a report by Politico.
The former chief financial officer of Bankrate will spend the next 10 years in prison after admitting in court earlier this year that he falsified the company’s accounts in a scheme that ended up costing shareholders $25 million. According to the Department of Justice, Edward DiMaria used his position at Bankrate to artificially boost the company’s earnings from 2010 through 2014.
MLS platform Remine just launched a mobile multiple listing service platform covering the 35 largest MLS markets in the nation. The app allows user to view new opportunities on the run, provides contact information on more than 300 million consumers and has a chat function for conversations between agents.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
