Recent Real Estate News
Attention Realtors: You may be victim of massive nationwide advertising scam
Realtors and real estate agents all across the country may be victims of a massive advertising scam that promised local ad placement but instead resulted in the theft of $2 million. A Louisiana man induced Realtors and real estate agents to pay thousands of dollars for advertising on major television networks, but instead of providing the services he promised, the man allegedly used the money for New Orleans Saints season tickets, among other things.Flood insurance bill could bring relief to homeowners
With homeowners getting hit from every side, Congress is now seeking to offer one form of relief. A new bill just passed in the house that could be a game changer for flood insurance.CFPB: Changes to TRID coming soon
Top industry groups banded together to get the CFPB to reopen talk around the rule, and it worked. The CFPB said it has begun drafting a Notice of Proposed Rulemaking on the Know Before You Owe rule. And it's probably coming faster than you think.This just in: The top 20 housing markets for April [Interactive Map]
While many of this month’s hottest housing markets may be the same as last month, there is one significant change. The chief economist for the Realtor website talks about the warming markets in the Midwest, and what this says about their recovery.Homeownership rate falls again, nearing all-time low
Just over two months ago, it seemed like there might finally be a light at the end of the tunnel as the homeownership rate in the United States increased for the second straight quarter, after falling to a 48-year low in the second quarter of 2015. But as it turns out, that growth may have been a mirage.Cash homebuyers threaten to overheat some markets
While the majority of cash homebuyers received an average discount of 23%, this can't be said for everyone. The select few markets where cash buyers ended up paying a premium could be in danger of overheating.Rising home prices create economic displacement in San Francisco area
Commutes in San Francisco are getting longer as people move further outside of the city to escape crushing home prices. In the Bay Area, a small community has gotten an influx in population, but it's still reeling from the housing crisis.Can you guess which state charges the highest property tax?
CoreLogic’s new report shows that areas with only one level of property tax collections tend to have lower tax rates. Hint: This may show why median property tax rates in the northeast tend to be higher than the rest of the country.Pending home sales jump to highest level in nearly a year
Overcoming several roadblocks in housing, including rising home prices and low housing supply, pending home sales managed to increase in March for the second consecutive month, reaching their highest level in almost a year. However, this positive news changes depending on the region.What is the future of the mortgage business?
Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like. It’s pretty clear that the complete homebuying process from selecting a home through the entire mortgage process is moving online. How we get there, on the other hand, is a different story.