Real Estate News and Auction

Mortgage rates take their biggest fall in a year

Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny. By Wolf Richter for WOLF STREET. One of the big surprises this year is that the Fed’s 5.5% policy rates and $1.1 trillion in QT have neither meaningfully...

A lawsuit issued in response to the Sitzer/Burnett guilty verdict cited international markets in a forecast for residential brokerage.

Powell said in remarks for an International Monetary Fund audience that more work could be ahead in the battle against high prices.

Buyers, sellers and realtors could see major changes in the wake of a ruling in a class action lawsuit about about broker commissions.

Zillow Group reached an agreement to buy real estate CRM Follow-Up Boss. After the news broke, many of our members took to our private Facebook Group to express their concern.

Home-purchase applications increased for the first time in a month as mortgage rates posted a sharp decline, boosting demand among would-be homebuyers.

The massive Missouri suit is seeking over $200 billion in damages and has been assigned to the same judge overseeing the Sitzer/Burnett suit.

Robert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss the company's quest for profitability, the environment for real estate companies, and more.

With mortgage rates rising, the answer isn't so clear. We asked some experts for their thoughts.

A recent study by Lending Tree found that America's largest metropolitan areas have a combined 5.5 million vacant houses. Many of these homes are being held as dual-use properties by investors, who are renting them out as short-term rentals for part of the year and using them as vacation homes for the rest of the year. If you've got the capital and the credit, that's great news for you. However, it's putting a major squeeze on what is already a tight market for people looking to rent or purchase

Derrick Chou did the "grunt work" of listing his property, responding to emails and swatting off over 100 real-estate agents. He has no regrets.

The National Association of Realtors (NAR) just lost a massive lawsuit, owing billions in damages and setting the stage for massive real estate commission reform. find out what it means for agents and investors.



#FlippingHouses #WholesalingHouses #FlippingGenius

After jurors recently found that there was a conspiracy to inflate commissions, experts say changes could shake up the business.

There have been more than a few days in the recent past with absolutely massive day-over-day swings in mortgage rates.  In fact, on each of the first 4 days of the month, mortgage rates changed by more than 0.10%--which is a relatively large move even when it shows up all on its own. But the volatility is dying down quickly in the current week--not in a bad way, either.  Putting Monday's corrective spike aside, the past two days have seen the average 30yr fixed rate fall by a total of less than 0.10%. Perhaps it is even more notable that the bond markets that underlie rate movement managed to have a calm and orderly reaction to the week's most anticipated scheduled event: today's 10yr Treasury auction. Treasuries are often said to be the benchmark or basis for 30yr fixed mortgage rates.  While that's not perfectly true, it is true that mortgage rates often move in the same direction as the 10yr Treasury yield and in relative proportion.  The implication is that any big news for 10yr Treasury yields could have also been big news for mortgage rates.  Auction results CAN be big news, but today's was just "pretty good" news.  It allowed 10yr yields and mortgage rates to hold on to the moderate gains that were already intact.  

A court case is a first step to ending a racket | Leaders

HOMEBUYERS JUST Filed NEW LAWSUIT Against These Real Estate Brokerages

Some MLSs have changed their rules due to the commission lawsuits, but the changes might not be enough to quell antitrust concerns.

With home prices at all-time highs and concern that the labor market will break, is another 2008-style housing crash a possibility?

Mortgage rates saw their biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.

(Bloomberg) -- Texas billionaire and real estate investor John Goff predicted that a number of appealing properties will hit the market soon as rising interest rates force some investors to sell. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsMalaysia Renews Hamas S

$38 Million in Price REDUCTIONS | Arizona Real Estate Market 


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Home builders are attempting to meet the demand left by so few existing homes on the market, but interest rates and inflation are keeping them from fully releasing that pressure.