In the world of real estate, the seller’s disclosure is a linchpin of transparency intended to guide informed decision-making for potential buyers. This pivotal document is also referred to as the “sellers disclosure,” “sellers disclosures,” or “sellers disclosure form.” It is a written account of a

New home sales grew 4.4% in July to a rate of 714,000, reversing course from June’s 2.5% drop, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development. The pace of new home sales also went up, coming in 31.5% higher from a year ago. “New home…The

Moving is always a struggle, but with the current state of the market, it may be more of a challenge than it has been in the past. With that in mind, who in the market is taking the steps to move, and where are they relocating to? A new report by LendingTree’s analyzed U.S. Census…The post A Look at

Mortgage applications decreased for the fifth-straight week, down 4.2% from last week’s 0.8% dip, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 18, 2023. Here are this week’s numbers:  The Market Composite Index,

Investing in a condominium can be an enticing prospect for many prospective homeowners. With amenities, maintenance, and a sense of community all bundled into one package, condos offer a unique living experience. However, potential buyers must know several hidden condo costs amidst the allure. We wi

It has been a shaky and odd housing market so far this year. With fears of a major crash receding but no sign of a broad rally, big public real estate companies are seeking to find their footing against a varying and uncertain real estate landscape. So far, iBuyers have failed to effectively adapt t

As a widespread MLS outage extends into its second week, the nation’s largest MLS—which was not affected by the apparent ransomware attack that took down Rapattoni-powered databases and services—is reaching out to help those still without MLS access. A spokesperson for CRMLS said they are offering f

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

Have you heard people talk about an FHA 203K loan and wondered what it was and how it worked? Buying a home is far more challenging when you are not familiar with common mortgage lingo. You may have heard about an FHA loan but what do the extra numbers and letters mean? When you are…The post Pros an

On the rise since the beginning of the year, mortgage rates continued their upward trajectory this week, rising above 6% for the first time since 2008. The 30-year fixed-rate mortgage (FRM) averaged 6.02% this week, up from 5.89% last week, according to the latest Primary Mortgage Market Survey® (PM

U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $3.6 trillion, for an average of $60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Re

It’s still not good, but “better” is great news right now. That appears to be the consensus from economists after the latest inflation data from the Bureau of Labor Statistics (BLS) showed prices are finally starting to come down, with the Consumer Price Index (CPI) reading 8.5%—lower than expected,

After several sharp spikes and nearly doubling over the last year, mortgage rates took a breather this week, decreasing from 5.81% the previous week to 5.7% this week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, released Thursday. Key findings: 30-year fixed-rate

“Comparing anything to 2020 or 2021, it doesn’t make any sense.” That is the conundrum—summed up frankly by Anne Marie DeCatsye, CEO of the Canopy REALTOR® Association in Charlotte, North Carolina—for anyone trying to parse out the current real estate market. As economists and practitioners all acro

As home prices have shown no signs of slowing through the first half of this year, researchers who have been tracking so-called “overvalued” housing markets since 2020 are warning some metros have become “a risky bet” as their methodology shows a dangerous disconnect between historical trends and cu

Mortgage applications decreased 2.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA), released Thursday. The drop marks the third straight week of declines, indicating that market headwinds continue to hinder both refin

In a sign that the housing market is now slowing, builder confidence took a steep drop in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released this week. Builder confidence in the market for newly built single-family homes fell ei