Home buying migration trends are going backward: Redfin

By: ameer@trustedteam.com

Strained affordability and challenges to remote work opportunities have contributed to the lowest share of home buyers relocating in 18 months, Redfin reports. The 23.9% share of movers between September...

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How LOs, mortgage execs are preparing for 2024

By: ameer@trustedteam.com

After nearly two years of trudging through a frozen housing market, the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans...

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Mortgage investor JER files for bankruptcy, is latest property firm to crash

By: ameer@trustedteam.com

Jeanne Frank/Bloomberg JER Investors Trust Inc., a mortgage REIT, filed for bankruptcy in the latest sign of distress in commercial real estate.The real estate investment trust  — which...

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Home Buying Facts You Should Know

By: ameer@trustedteam.com

December 29, 2023 Are you buying a home for the first time? Do you need answers to mortgage loan questions? You aren’t alone. We explore some important issues below. FHA Home...

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2023 mortgage market year in review

By: ameer@trustedteam.com

As we wrap up a year full of economic twists and turns—and interest rate ups and downs—we wanted to look back at some of the top mortgage-related stories that...

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November pending home sales were unchanged, despite a sharp drop in mortgage rates

By: ameer@trustedteam.com

Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The average rate on the...

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Household wealth surges by 7% as house prices soar

By: ameer@trustedteam.com

Household wealth rose for the fourth straight quarter, up 2.3 per cent or $339 billion in the September quarter of 2023, according to figures released by the Australian Bureau...

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More flood grants for Far North Qld

By: ameer@trustedteam.com

In the wake of the cyclone’s assault on Cairns on 13 December, all four major banks have stepped forward with various forms of assistance for both businesses and households...

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Bendigo Bank warns of real ‘risk of technical recession’ 

By: ameer@trustedteam.com

The bank’s chief economist has warned that the economy will face a challenging period ahead. ...

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Australia’s housing ends year at record highs: REBAA

By: ameer@trustedteam.com

According to the Real Estate Buyers Agents Association of Australia (REBAA), the trajectory of Australia’s property market in 2023 was a testament to its resilience and adaptability. “Regional variations, supply-demand...

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