One Connecticut homebuyer is preparing for marriage. Another in Virginia is healing from a divorce. Both tell Inman the struggle to find a home this spring is real — and the clock is ticking.
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Homebuyers rush to lock as mortgage rates hit new 2024 highs
Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June.
Industry gets some clarity on mortgage commission rules
Fannie, Freddie and FHA say sellers can continue to pay the buyer’s agent’s commission. But it remains to be seen if buyers will be allowed to finance their agent’s commission into their mortgage.
Zillow launches ‘Home Just Got Real’ ad campaign
Just in time for spring homebuying, portal powerhouse Zillow has released a new ad campaign aimed at celebrating the persistence of millennial and Gen-Z homebuyers amid market headwinds. The ad series, “Home Just Got Real,” includes two 30-second and one 15-second videos that highlight the reasons people buy — a place for their child to grow up or a home big enough for their furry friends — and the lengths they go to achieve their dreams.
Will lawsuits end 6% commissions? Probably not, 1 law professor says
A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference.
Billionaires brawl as everyone else just tries to get by: The Download
As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they’re going to pay the bills.
NAR President Kevin Sears sells brokerage to Anthony Lamacchia
Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week.
Single-family home sales to investors hit all-time high
United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market.
Hot inflation data sends mortgage rates to new 2024 highs
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won’t cut rates in June.
United Wholesale Mortgage defends its business practices
Citing recent court victories, UWM says, “It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender.”