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Failure to Launch Among Gen Z Buyers Likely to Last Longer Amid Affordability Crisis

USA Real Estate News-RISMedia - Fri, 2022-09-23 14:04

Waning housing affordability isn’t going away anytime soon, and neither are the impacts that it’s having on young aspiring homeowners. While this has become increasingly evident in recent months as the market has cooled, recent reports suggest that it also marks an entrenched trend among future buyers. According to a recent Credit Karma study reported…

The post Failure to Launch Among Gen Z Buyers Likely to Last Longer Amid Affordability Crisis appeared first on RISMedia.

The Mortgage Mix: Rates Keep Climbing and Forecasts Need Revising

USA Real Estate News-RISMedia - Fri, 2022-09-23 14:03

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. How high will they go? That’s likely a question on a few minds as mortgage rates once again trend upward to their highest levels in 14 years. After jumping 28 basis points, Freddie Mac’s chief…

The post The Mortgage Mix: Rates Keep Climbing and Forecasts Need Revising appeared first on RISMedia.

CFPB Enlists Public Feedback to Spruce Up Mortgage Products

USA Real Estate News-RISMedia - Fri, 2022-09-23 14:02

Like the iconic scene out of “Jerry Maguire,” the Consumer Financial Protection Bureau (CFPB) is saying “help me, help you” to the public as the agency tries to spruce up several mortgage products for borrowers. In particular, the CFPB is seeking insight on ways to improve mortgage refinances for homeowners who would benefit from refinancing…

The post CFPB Enlists Public Feedback to Spruce Up Mortgage Products appeared first on RISMedia.

What to Know About Working With a REALTOR®

USA Real Estate News-RISMedia - Fri, 2022-09-23 14:00

Many people don’t really understand how the real estate business works or what is a REALTOR® and what they do. A REALTOR® ® is not the same thing as a real estate agent. REALTORS® are National Association of REALTORS® members who have taken an oath to follow a strict code of ethics. Even people that…

The post What to Know About Working With a REALTOR® appeared first on RISMedia.

NAR Launches Tree-Planting Initiative in Partnership with National Forest Foundation

USA Real Estate News-RISMedia - Fri, 2022-09-23 14:00

The National Association of REALTORS® has announced a partnership with the National Forest Foundation. The partners plan to plant 1.575 million trees across the United States by 2025, one tree for each REALTOR®. The initiative was spearheaded by NAR’s 2022 President Leslie Rouda Smith. “As part of our association’s comprehensive sustainability and resilience plan, NAR…

The post NAR Launches Tree-Planting Initiative in Partnership with National Forest Foundation appeared first on RISMedia.

Headliners Week of 9/18 – 9/24

USA Real Estate News-RISMedia - Fri, 2022-09-23 13:55

RISMedia Senior Editor Jesse Williams delivers this week's Headliners, a video recap of the week's top stories in real estate.

The post Headliners Week of 9/18 – 9/24 appeared first on RISMedia.

Mortgage rates hit new 2022 high in bond market selloff

USA Real Estate News-Inman - Fri, 2022-09-23 13:41
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could lead to a recession.

The agent replied to a fishy email. Then Michael Jackson showed up

USA Real Estate News-Inman - Fri, 2022-09-23 12:33
Over five years, Zar Zanganeh, then a young agent with Las Vegas Sotheby's International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he inked deals for Jackson, Brittney Spears and Prince, whom he was asked to spy on by the King of Pop.

Bidding wars fall to lowest level of pandemic as mortgage rates inch up

USA Real Estate News-Inman - Fri, 2022-09-23 12:11
Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday.
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