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Would-be homebuyers balk as mortgage rates head back up

USA Real Estate News-Inman - Wed, 2024-04-03 17:35
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.

Putrid garbage house stinks up LA neighborhood

USA Real Estate News-Inman - Wed, 2024-04-03 15:57
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.

Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

USA Real Estate News-Inman - Wed, 2024-04-03 15:30
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices.

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

USA Real Estate News-Inman - Wed, 2024-04-03 14:50
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as "a sham."

New homeowners plan to spend 40% of income on repairs: Study

USA Real Estate News-Inman - Wed, 2024-04-03 14:44
The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).

Compass Acquires Historic Gulf Coast Giant Latter & Blum

USA Real Estate News-RISMedia - Wed, 2024-04-03 14:39

Compass has announced the brokerage will be expanding its nationwide footprint through the acquisition of Latter & Blum, an historic 100+-year-old real estate giant with more than 3,000 agents and 32 offices across the Gulf Coast region of Texas, Louisiana, Mississippi and Alabama. The move brings Compass into New Orleans and the broader Louisiana and…

The post Compass Acquires Historic Gulf Coast Giant Latter & Blum appeared first on RISMedia.

Thoughts on Leadership: The Caitlin Clark Effect

USA Real Estate News-RISMedia - Wed, 2024-04-03 14:22

As I sat in my family room Monday night, eagerly watching the NCAA Tournament second-round game between No. 1 seed Iowa and No. 8 seed West Virginia, I couldn’t help but feel a surge of emotion. There was a lot on the line as Caitlin Clark took the floor at Carver-Hawkeye Arena one final time.…

The post Thoughts on Leadership: The Caitlin Clark Effect appeared first on RISMedia.

Home-Buyer Preferences Shift as Affordability Challenges Remain

USA Real Estate News-RISMedia - Wed, 2024-04-03 12:56

As the housing industry celebrates New Homes Month in April, data shows that builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. In fact, a recent National Association of Home Builders (NAHB) analysis found that new homes built in…

The post Home-Buyer Preferences Shift as Affordability Challenges Remain appeared first on RISMedia.

Compass acquires 3,100-agent Gulf Coast giant Latter & Blum

USA Real Estate News-Inman - Wed, 2024-04-03 12:30
Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time.
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