Housing Wire
JANUARY 17, 2024
1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?
Housing Wire
APRIL 15, 2024
The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. Moving forward, the GSEs say that if these fees continue to be “customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.”
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Housing Wire
JANUARY 12, 2024
Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.
Housing Wire
OCTOBER 5, 2021
home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. Most sellers (74%) received at least one offer on their property that was all cash or did not include a financing contingency.
Housing Wire
JANUARY 30, 2024
Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A These included incidents of social engineering (e.g.,
Housing Wire
MARCH 7, 2024
Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.
Housing Wire
SEPTEMBER 29, 2023
Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%
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