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Navigating Changes in Real Estate: Impact of NAR Settlement on Buyers and Sellers
The real estate market’s complexities are heightened by current high property values and increased interest rates, according to real estate expert Katrina Campins. She believes that recent legal developments involving the National Association of Realtors (NAR) will further complicate homeownership, citing concerns about its impact on buyers and sellers. The NAR’s proposed $418 million settlement […]
Biden Administration Targets Mortgage Industry in Crackdown on Rising Closing Costs
The Biden administration has announced an expanded initiative to address what it views as excessive fees within the mortgage industry. The Consumer Financial Protection Bureau (CFPB) highlighted a significant concern regarding the increasing costs of home purchase loans, which surged nearly 22% from 2021 to 2022. This surge resulted in closing costs rising by almost […]
Mortgage Rates Hold Steady, But Demand Stagnates Amidst High Costs and Limited Supply
The Mortgage Bankers Association’s latest report revealed that mortgage rates remained largely unchanged last week, reflecting the ongoing trend of stagnant demand for mortgages. This is the second consecutive week where both potential buyers and existing homeowners are facing challenges in the market. Despite a slight decrease in the average contract interest rate for 30-year […]
Study Shows Buyers Need Six-Figure Income for Homes in Half of U.S. States
A recent study reveals that buyers now need a substantial six-figure income to afford a home in almost half of the states in the country. According to Bankrate analyst Jeff Ostrowski, the housing market is not expected to improve in the near future, with no signs of relief in housing supply or mortgage rates. Ostrowski […]
U.S. Senior Housing Poised for a Rebound Post-Pandemic
In the aftermath of the COVID-19 pandemic, U.S. senior housing facilities are showing signs of recovery, with occupancy rates nearing pre-pandemic levels, according to data from the National Investment Center for Seniors Housing & Care (NIC). Despite this rebound, aging in place remains a dominant preference among older adults, fueled by advancements in healthcare, technology, […]
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