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Realtor.com expands Local Expert feature to city level
The feature is available in approximately 25,000 cities Real estate and housing search website realtor.com has added a new feature to make it easier for users to see content and listings from local experts.  Homebuyers who search for homes by city can now see branded content and listings from agents, teams and brokers in their search results. Real estate professionals...
More investors take on build-to-rent housing trend
Slim profit margins on new builds have developers adopting a new strategy Homebuilders are stepping up to the plate and becoming landlords in the latest growing housing industry trend. According to CNBC, more and more single-family homes are being built just to be rented out.  Nearly a decade ago, there was a foreclosure crisis. Realtors were buying old houses and...
First American: Consumer house-buying power could rise to new heights in 2019
Projected fall in rates spells good news for homebuyers In May, home prices fell 0.7%, declining 3.7% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 3.2% above the housing boom peak. Whereas consumer buying power rose 1.3% between April and May, rising 9.3% year over year. When consumer house-buying power...
Responds to judge's ruling in lawsuit with Native American tribe The Department of Housing and Urban Development issued a notice to lenders Tuesday announcing the formal suspension of its rule change to down payment assistance guidelines. According to the bulletin, HUD is halting the effective date of a mortgagee letter it issued in April that...
This is how long it takes to close a mortgage now
Study shows closing times are steadily declining A recent survey highlighted homebuyers’ frustrations, revealing that nearly half felt it takes too long to get a mortgage. But according to a new study from LendingTree, things are trending in the right direction, as the average closing time has fallen by a sizable 34 days in the last two years. According to the study,...
KEY POINTS Declining home sales are “consistent with the possibility of a late 2019 or early 2020 recession,” St. Louis Fed economist William Emmons said in a report. The analysis overlays home sales over 12- and 36-month periods to look at trends that have held up during the previous three recessions. Emmons said a recession, if it hits, would...
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