Industry News2021-08-16T12:32:02-07:00

Real Estate news curated from around the world.

Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.

U.S. mortgage rates rise to 3.09%, highest since early April

By |October 21st, 2021|Categories: Industry News|

Craig Giammona, BloombergOct. 21, 2021 Mortgage rates in the U.S. continued to climb. The average for a 30-year loan was 3.09%, up from 3.05% last week and the highest since April 8, Freddie Mac said in a statement Thursday. While still historically low, mortgage rates have crept up in recent weeks. Higher borrowing costs could cut

Existing home sales surge as interest rates point higher

By |October 21st, 2021|Categories: Industry News|

By Alex Veiga | The Associated PressSales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines. The National Association of Realtors said Thursday that existing homes sales rose 7% compared with August to a seasonally-adjusted annual rate

Mortgage rates rise amid growing concerns about inflation

By |October 21st, 2021|Categories: Industry News|

WASHINGTON - Mortgage rates are continuing to climb, according to data released Thursday by Freddie Mac, driven largely by rising inflation resulting from high demand and shortages of goods across the economy.The 30-year fixed-rate average rose to 3.09% with an average 0.7 point, up from 3.05% last week and 2.80% a year ago. (A point

Realtors updating contract for home purchases

By |October 21st, 2021|Categories: Industry News|

In some states, agents and clients rely on attorneys to wrangle home sales through the purchase process.But in California, residential real estate transactions are based predominantly on a suite of forms provided by the California Association of Realtors, which CAR members have access to. CAR employs a fleet of lawyers to create and update these

The Future Of The Rental Market For Landlords And Tenants

By |October 21st, 2021|Categories: Industry News|

Founder and CEO of Rentec Direct, property management software for real estate professionals. No industry has escaped the global pandemic completely unscathed, but the real estate industry has been regularly making headlines for happenings like skyrocketing home prices and extended eviction moratoriums. It seems the entire country is eager to return to normal, but what does

15 Real Estate Insiders Share Their Tips For Buying Your First Investment Property

By |October 21st, 2021|Categories: Industry News|

Buying an investment property is a great way to earn extra income and build long-term wealth. However, there are many considerations that go into buying your first investment property, especially in the current real estate market.Because investment properties can be a risky endeavor, it's important to consider all of your options and educate yourself on

Return-To-Office Rebounding After Delta Variant Slowdown

By |October 21st, 2021|Categories: Industry News|

Nearly 50 million workers switched last year from an office environment to work-from-home (WFH), allowing large parts of the U.S. economy to continue functioning despite social distancing requirements during the pandemic. As other sectors began to recover from the shutdowns last year, however, large numbers of workers remained at home, causing some concerns about possible

Important Distinction: Homes Are Less Affordable, Not Unaffordable

By |October 21st, 2021|Categories: Industry News|

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they

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