Chris Randall Licensed Realtor®License #: SA677161OOO

Chris Randall Licensed Realtor®License #: SA677161OOO

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Why Homeowners Across the U.S. Are Acquiring Home Equity Loans

USA Real Estate News-RISMedia - Wed, 2024-05-15 13:34

In a high price market like the one real estate has seen for the past few years, many homeowners have seen a jump in their home equity. So, while home sales have been mostly down, home equity loans have not seen the same decrease.  Homeowners looking to borrow against their home equity have never had…

The post Why Homeowners Across the U.S. Are Acquiring Home Equity Loans appeared first on RISMedia.

While banks pull out, investment funds double down on real estate

USA Real Estate News-Inman - Wed, 2024-05-15 11:43
Multiple funds told Reuters they planned to increase their credit exposure to property as banks back off from commercial real estate.

Mortgage Applications See Second Week of Increases

USA Real Estate News-RISMedia - Wed, 2024-05-15 11:40

Mortgage applications saw a slight increase of 0.5% from last week’s bump of 2.6%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending May 10, 2024.  This week’s numbers:  The Market Composite Index, a measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted…

The post Mortgage Applications See Second Week of Increases appeared first on RISMedia.

Mortgage Rates Continue to Plague Homebuilder Confidence

USA Real Estate News-RISMedia - Wed, 2024-05-15 11:25

As mortgage rates rose back above 7% in April, and remain high despite a recent decrease, homebuilders are pulling back their hopes for the housing construction market, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI) for May registered at 45, six points down from the…

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Inflation Eases in April; Good News for Potential Fed Rate Cut

USA Real Estate News-RISMedia - Wed, 2024-05-15 11:02

The Consumer Price Index (CPI) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported on May 15. Over the last 12 months, the all-items index increased 3.4% before seasonal adjustment. After hitting a 40-year high of 9.1% in June 2022, inflation has slowed.…

The post Inflation Eases in April; Good News for Potential Fed Rate Cut appeared first on RISMedia.

Last call: Nominations for Inman’s Golden I Club Awards close Friday

USA Real Estate News-Inman - Wed, 2024-05-15 11:00
Honor your top performers with a Golden I Club nomination. Simply being nominated for a Golden I award affirms your team's commitment to excellence in a fiercely competitive market.

Ullman Group launches into luxury with aid from Christie’s Real Estate

USA Real Estate News-Inman - Wed, 2024-05-15 11:00
A collaboration with Christie's International Real Estate Sereno has helped Ullman Group founder Cody Ullman get his new niche luxury brokerage off the ground and gain a foothold in California

Second Century Ventures Announces Eight Companies for REACH LATAM 2024

USA Real Estate News-RISMedia - Wed, 2024-05-15 09:49

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced the selection of eight companies for the second annual REACH Latin America (LATAM) cohort. Those selected for the 2024 program will join a portfolio of more than 250 technology companies across six major markets worldwide. NAR stated that the REACH…

The post Second Century Ventures Announces Eight Companies for REACH LATAM 2024 appeared first on RISMedia.

Back in growth mode, Better is hiring again but still in the red in Q1

USA Real Estate News-Inman - Wed, 2024-05-15 08:02
The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future "lies in Uberizing the loan officer."
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