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The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR)
Median Home Price Hits New Quarterly Peak
The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR). The median home price in the second quarter was $255... Read more
The Connecticut home that was the birthplace of one of the most important writers of the 19th century is up for sale
For Sale on eBay: The Harriet Beecher Stowe Birthplace
The Connecticut home that was the birthplace of one of the most important writers of the 19th century is up for sale. But don’t look for it on a multiple listing service—the property is was deconstructed and is stored in four storage... Read more
A strong rush of activity during the second quarter helped fuel the overall total of commercial mortgage-backed securities (CMBS) loans closed in the first half of 2017
CMBS Loan Closings Double in Q2
A strong rush of activity during the second quarter helped fuel the overall total of commercial mortgage-backed securities (CMBS) loans closed in the first half of 2017, according to data released by Trepp LLC.   In a new report, Trepp... Read more
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin
More Potential Homebuyers Searching Outside of Their Metro Market
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin.   The second quarter edition of the Redfin Migration Report determined... Read more
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Zillow Chief: Redfin is a "Threat" to Real Estate Agents
Zillow Group CEO Spencer Rascoff is accusing Redfin of being “a threat to organized real estate,” adding that it seeks to run many agents out of business.   According to a Geekwire report of a Zillow conference call that was designed to... Read more
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30-Year Fixed Mortgage Rate Sinks Lower
The 30-year fixed mortgage rate fell to its lowest point in six weeks, according to the Freddie Mac Primary Mortgage Market Survey for the week ending Aug. 10. The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent, down from last... Read more
United Wholesale Mortgage (UWM) has introduced the nation’s first virtual e-closing experience, where borrowers can complete a full mortgage transaction without ever leaving their home or wet signing a single document
UWM Offers First Virtual E-Closing
United Wholesale Mortgage (UWM) has introduced the nation’s first virtual e-closing experience, where borrowers can complete a full mortgage transaction without ever leaving their home or wet signing a single document.   To make online... Read more
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11
Mortgage Applications Up Three Percent
The mortgage market in August got off to a promising start, according to new data from the Mortgage Bankers Association (MBA).   The Market Composite Index increased three percent on both a seasonally adjusted and unadjusted basis in the... Read more
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans
Homeowners and Appraisers Still Lack Consensus on Valuations
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans.   In July, the average spread between a homeowner’s estimate and the appraised value of the property was 1.55... Read more
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals
NAMB Survey Details Millennials in the Homebuying Market
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals.   However, NAMB’s survey of its membership determined that... Read more