Check Out These New DPA SourcesAs home prices and rates rise, so does the need for down payment assistance (DPA). Providers have responded by increasing the total number of DPAs to 2,256, which adds up to 54 additional programs.A new report issued by Down Payment...
Does a Property's HOA Pass the Sniff Test?Since today's buyers are already dealing with higher rates and prices, you'll want to assist them with another cost: a property's homeowners association or HOA.Membership in an HOA is mandatory for residents, with fees paid to...
New Construction Numbers Flatten Existing Home SalesTwo major housing reports were recently released: the U.S. Census Bureau's New Residential Sales and NAR's Pending Home Sales. The former focuses on new construction, while the pending sales data supplies an early...
More Couples Say "I Do" To Home Ownership HelpNew research about engaged couples found that their wedding registries include much more than toasters. More couples than ever — around 20% — are adding home purchase funds as one of the gifts that their family, friends...
How To Keep Selling in a Down MarketEven if you're relatively new to real estate, you're probably aware of its cyclical nature. However, the current market atmosphere isn't the entire story.Some agents close plenty of sales every month, even in a down market. This is...
Reduce Clients' Worries About Financial DoomsayersReduce Clients' Have a few clients voiced concerns about another housing crash on the horizon? As you're aware, today's market is very different, although a few self-proclaimed pundits are comparing 2008 to 2023. Here...
Consumer Costs CoolingRecent Commerce Department data contained some good news for inflation haters: details of a major slowdown in consumer price increases as well as less consumer spending. This is the sort of news that the Federal Reserve has been waiting for and...
No Rate Hike This Month...But What About Later?Many economists and real estate experts are predicting that the housing market will remain subdued until the Federal Reserve starts cutting rates next year. Unfortunately, a final rate hike for 2023 is expected to be...
Will Rates Rise This Week? This Year?If you're worried about another rate hike affecting already-high mortgage rates, here's some good news: The Federal Reserve is not expected to announce another rate hike this week. However, this doesn't mean that we've seen the end...
Rejected FHA Borrowers Get Another ChanceIf you've ever lost a sale because your buyer clients were rejected for FHA financing, here's a great reason to reach out to them. Now these borrowers can re-apply for FHA financing without running into the Mortgage Credit...
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