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European Listings Launches Curated Property Search Service to Help Americans Find Homes for Sale in Europe - markets.businessinsider.com
Buyers Increasingly Turning to Adjustable Rate Mortgages to Lower Monthly Costs
As mortgage rates for traditional 30-year fixed-rate loans reached a near three-year high last week, buyers are increasingly turning to adjustable-rate mortgage (ARM) applications to reduce their monthly costs. Economists have watched the ARM share of overall applications climb to one-year high of 10.5% in recent weeks, driven by introductory rates that sit almost a…
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Incentivizing Buyers: What It Often Takes for a Builder to Get a Deal Done
Editor’s note: This is part one of a two-part story on builder incentives. Part two will focus on what agents and brokers think about incentives, and how they guide buyers. These may be uncomfortable days for many buyers, with mortgage rates in the mid-7s and threatening to go higher if the Fed raises interest rates.…
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Energy to Blame as Inflation Rises, Setting Up Rate Hike
Despite the Federal Reserve’s attempts to combat inflation, the latest data from the U.S. Bureau of Labor Statistics (BLS) reveals that such progress may be minor, or nonexistent. The September CPI report saw a 0.6% monthly increase, with annual inflation gaining traction once again at 3.7%. The latest data is up from August’s report, which…
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With Election Day Looming, Polls Differ on Florida Property Tax Cut Amendment
With less than three weeks until the midterms, recent data released on a constitutional amendment in Florida known as Amendment 3, a housing affordability relief measure that would raise the property tax exemption for residents of the Sunshine State, is not showing a solid case for either passing or failing. Amendment 3, championed by the…
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Arizona Regional MLS Brokers Gain Access to HouseCanary’s Google Listings Program
Property intelligence provider HouseCanary has announced it has signed a data agreement with Arizona Regional MLS (ARMLS), which serves more than 38,000 subscribers across most of Arizona, under the Google Listings Program. Under the agreement, active listings from opted-in ARMLS brokerages are eligible to appear in Google mobile search. A release notes that when consumers…
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