- Why Are Rates Rising? It’s Good – If You’re Not a Homebuyerby kerrys on March 5, 2021 at 8:03 am
Even top experts fumble on mortgage rate predictions because their rise and fall is based largely on investors’ attitudes, which can turn on a dime. Currently, investors fear possible inflation – the enemy of Treasury bonds. And as bond investment falls, mortgage rates (often) go up.
- Opendoor Will Pair Buyers with Agents to Submit Cash Offersby kerrys on March 5, 2021 at 8:03 am
Cash carries weight during bidding wars, so Opendoor says it will back a mortgage-approved seller’s offer with cash to help give them an edge in a bidding competition.
- Federal Reserve: Inflation Rise Temporary – No Rate Hikes Plannedby kerrys on March 5, 2021 at 8:03 am
Fed Chair Powell said Thursday that they had no plans to hike interest rates amid signs of an economic recovery. He expects inflation to accelerate but not cause a problem.
- Buyers May Want to Ask Lenders: How Long to Close?by kerrys on March 5, 2021 at 8:03 am
Lenders don’t always adhere to a contract’s timelines, and buyers offering a quick close in a bidding war may want to make sure their lender has their back.
- Strong Job Report a Hopeful Sign for Homeowners, Landlordsby kerrys on March 5, 2021 at 8:03 am
A job can help homeowners in forbearance and allow renters to repay rent. In Jan., the U.S. added only 166K jobs, and Feb.’s robust 379K jobs exceeded expectations.
- Women’s History Month: Are You Strong Enough to Lead? Yesby marlam on March 4, 2021 at 9:03 am
Chicago Realtors kicked off the month with a five-part series. “You’re not a leader if you’re not paving a path,” Rev. Courtney Clayton Jenkins told the virtual crowd.
- Women’s History Month: Are You Strong Enough to Lead? Yesby marlam on March 4, 2021 at 9:03 am
Chicago Realtors kicked off the month with a five-part series. “You’re not a leader if you’re not paving a path,” Rev. Courtney Clayton Jenkins told the virtual crowd.
- Fla. Consumer Confidence: Feb. Drop Wipes Out Gainsby marlam on March 4, 2021 at 9:03 am
While the vaccine rollout and an unemployment-benefit drop signal better times ahead, it didn’t help much to boost attitudes in Feb., and all components saw a decline.
- Real Estate Pros to Homeowners: Don’t Wait to Sellby marlam on March 4, 2021 at 9:03 am
High buyer demand and slim housing inventories mean homeowners ready to sell now have more negotiating power. But those who sell may also need to buy their next home.
- Business Groups Wade into Permitting Fightby marlam on March 4, 2021 at 9:03 am
The EPA said Fla. can oversee land permits and wetlands, only the third state to get that – but a lawsuit could derail that decision with big-money groups weighing in.