Backtracking: Mortgage Rates Retreat
For the first time this year, the average 30-year, fixed mortgage rate has retreated, back to 4.44 percent this week after rising for nine straight weeks, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed mortgage rate was 4.46 percent the week prior. Mortgage rates are moved by Treasury […]
Jason Waugh: Delivering Exceptional Experiences
Vitals: Berkshire Hathaway HomeServices Northwest Real Estate and Berkshire Hathaway HomeServices Real Estate Professionals Years in Business: 76 Size: 32 offices, 950 agents Regions Served: Oregon and Washington 2017 Sales Volume: $3.9 billion 2017 Transactions: 10,567 www.bhhsnw.com This summer, Jason Waugh, president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate and Berkshire Hathaway HomeServices […]
Commentary: Let the Prime-Time Housing Market Begin
In this commentary, J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, discusses the housing market nationally and in Puget Sound/Seattle, Wash. The arrival of Daylight Savings triggers a burst in new listings, and more listings lead to more sales. In real estate, it’s all about the new listing. The winter market […]
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Regulatory Relief Bill Passes Senate
Following the financial crisis of 2008 and the Great Recession, the federal government imposed regulations in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act—an effort to ensure financial stability and consumer protection. Senate Banking Committee Chair Mike Crapo introduced bill S. 2155—the Economic Growth, Regulatory Relief, and Consumer Protection Act—which proposes […]
Across All Buyers, Millennials Have the Most Purchases
In housing, generations intersect regularly. Who’s downsizing? Who’s driving the market? Who’s trading up? The generation impressing on the market most today? Millennials, according to the 2018 Home Buyer and Seller Generational Trends study, recently released by the National Association of REALTORS® (NAR). Millennials are accounting for 36 percent of purchases, ahead of baby boomers […]
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Buying Costs Mount This Spring
Are you looking to purchase this spring? The combination of increasing prices and rates is making the price tag steeper. The average monthly mortgage payment has risen by $168, or 12.7 percent, year-over-year, according to an analysis by realtor.com®. The average monthly mortgage is now $1,486, up from $1,318 in February of last year. Concurrently, […]
Results Are In: The What and Who of Working With Lenders
RISMedia, in conjunction with Quicken Loans, recently completed our survey, “The What and Who of Working with Lenders,” which gathered insights from our readers about your opinions on and experiences with the finance industry. Mobile technology and access to a user-friendly app were high on the must-have list, as was communication and follow-through as the […]
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REALTORS® Can Extend Their Liberty Mutual Benefits to Their Clients
NAR PULSE—A bonus for your members and savings for their clients—it’s a win-win! The Liberty Mutual Auto Insurance Referral Program™ allows REALTORS® to extend to their clients the same auto insurance savings and benefits that they have through NAR’s REALTOR Benefits® Program. Plus, for every client they refer to Liberty Mutual who completes an auto […]
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Cryptocurrency: First U.S. Real Estate Deed Recorded Using Ethereum
Cryptocurrency is making headlines again—this time, in real estate. A pilot program in South Burlington, Vt.—initiated by global blockchain real estate marketplace Propy Inc.—marks the first U.S. deed recorded using only blockchain technology, according to multiple sources. In this case, Ethereum was used to transact and record contracts and documents instead of using the city’s […]
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Changes to Fannie, Freddie Could Do Harm: Report
Changes to the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are on the table—and although they intend to mitigate risk to taxpayers, they could harm homeowners in the process, according to an analysis by Zillow. Borrowers, in fact, could be burdened by hundreds more on their monthly mortgage payment. The GSEs’ guarantee is associated […]