Mortgage Rates Hit Record-Low: 3.29%

The 30-year FRM dropped from last week’s 3.45% and hit its lowest point since 1971. A big reason: Investors moved money to safe Treasurys over coronavirus fears.

Source: Mortgage Rates Hit Record-Low: 3.29%

Posted in Uncategorized | Leave a comment

Study: U.S. Needs 3.3M More Homes to Satisfy Demand

The shortage rises by about 330K homes per year, according to Freddie Mac. Buyer demand remains strong, but years of underbuilding has created a huge deficit, particularly in states with strong economies that attract people from other states.

Source: Study: U.S. Needs 3.3M More Homes to Satisfy Demand

Posted in Uncategorized | Leave a comment

Fed Surprise Move Cuts Interest Rates by 50 Basis Points

The benchmark rate cut is the result of market fears over the COVID-19 virus. It should lower adjustable-loan rates and could indirectly push fixed rates lower.

Source: Fed Surprise Move Cuts Interest Rates by 50 Basis Points

Posted in Uncategorized | Leave a comment

NAR: Pending Home Sales Rise 5.2% in January

Economist Yun: “Solid activity – the second-highest monthly figure in over two years – is due to the good economic backdrop and exceptionally low mortgage rates.”

Source: NAR: Pending Home Sales Rise 5.2% in January

Posted in Uncategorized | Leave a comment

New-home sales climbed 7.9% in January

U.S. sales of new homes jumped 7.9% to the fastest pace in more than 12 years (July 2007) – a positive sign for economic growth.

Source: New-home sales climbed 7.9% in January

Posted in Uncategorized | Leave a comment

2020 Code of Ethics & Standards of Practice

Code of Ethics and Standards of Practice of the National Association of REALTORS® Effective January 1, 2020.

Source: 2020 Code of Ethics & Standards of Practice

Posted in Uncategorized | Leave a comment

Many Thousands of Fla. Owners Must Switch Insurance Carriers

Regulators will shift 43K policyholders from Anchor Property and Casualty to Homeowners Choice Property and Casualty on April 1 due to a financial-rating downgrade.

Source: Many Thousands of Fla. Owners Must Switch Insurance Carriers

Posted in Uncategorized | Leave a comment

Buyers Face More Competition Amid Shortage of Listings

A strong labor market and heightened demand for homes this spring is expected at a time when the for-sale inventory is the lowest level in over a decade.

Source: Buyers Face More Competition Amid Shortage of Listings

Posted in Uncategorized | Leave a comment

5 Home Improvements that May Not Pay Off when You Sell

Many homeowners get a spark in their eye and a fire in their gut watching home-improvement television, but not every upgrade pays off when it comes time to sell.

Source: 5 Home Improvements that May Not Pay Off when You Sell

Posted in Uncategorized | Leave a comment

Legislature Considers Amendment to Extend ‘Save Our Homes’

Legislature Considers Amendment to Extend ‘Save Our Homes’

Source: Legislature Considers Amendment to Extend ‘Save Our Homes’

Posted in Uncategorized | Leave a comment