Fraudulent mailers are circulating, purporting to help members register or renew .realestate or .realtor domain addresses, the association warns.
Florida Realtors will be hosting webinars this week regarding practice changes, and NAR released a new Consumer Guide about compensation offers.
Some remodeling projects offer huge a huge ROI when it’s time to sell. Some of the best: new garage doors and minor kitchen remodels.
The expected Fed rate cut could have positive impacts on the housing market, including lower mortgage rates and easier qualifications for mortgages.
Most buyers need a score of 620 or above to qualify for a conventional mortgage. FHA loans could get approval with a score as low as 500.
Although the 2024 homebuying season was relatively slow, this fall is poised to bring lower mortgage rates and more for-sale inventory, Realtor.com said.
A Fed rate cut, expected in mid-September, could boost the housing market by indirectly lowering mortgage rates. Lower rates could stimulate supply and demand.
The average rate on 30-year mortgages fell to 6.20% from 6.35% last week. A year ago, it was 7.18%. Rates on 15-year mortgages fell to 5.27% from 5.47%.
There’s disagreement about whether the sports craze is a benefit for home sales, with some saying the noise hurts property values.
Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January. Pending home sales have yet to improve.
