News Updates

Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices

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Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That buyer has gained $22,500 in purchasing power since mortgage rates hit a five-month peak

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U.S. Foreclosure Starts Decrease 3.5 Percent in First Six Months of 2024; Average Days to Complete a Foreclosure Up Second Quarter in a Row; June and Q2 2024 Foreclosure Activity Post Annual Declines ATTOM, a leading curator of land, property and real estate data, released its Midyear 2024 U.S. Foreclosure Market Report, which shows there were a total of 177,431 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions —

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Leader Recognized for Success Ensuring Creative and Service Excellence Incenter Marketing, a national branding, marketing, public relations, and sales engagement firm with specialties in the mortgage and finance industries, announced the promotion of Jake Haynes to Director of Creative Operations. In his new role, Mr. Haynes is responsible for maximizing the creative impact of every Incenter Marketing program using the most effective strategies, tactics and tools, while ensuring consistently topnotch

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Rents are still most expensive in large coastal markets, but they are growing fastest in smaller markets in the Northeast and Midwest While rents are most expensive in large coastal markets like New York City, the San Francisco Bay Area and Boston, the fastest-growing rents are in unexpected places. New data from Zillow® shows rents are growing faster in Hartford than any other major market, and Cleveland and Louisville aren’t far behind. “More people move during the summer, which causes the rental

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As the landscape of property insurance changes, real estate investors must rethink their risk management strategies. Bundling rental properties with personal lines policies may no longer be the most effective solution given the rental market’s scale and the frequency of claims. The Rental Market Landscape According to John Burns Research & Consulting, there are approximately 14 million SFR rental properties. Notably, 11.2 million (80%) are owned by ‘mom-and-pop’ landlords with

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Major Home-Ownership Expenses Now Consume 35 Percent of Average Wage Nationwide; Portion Hits High Point in Over a Decade as Median Home Price Soars to Another Record ATTOM, a leading curator of land, property and real estate data, released its second-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remained less affordable in the second quarter of 2024 compared to historical averages in 99 percent of counties