In 2023, the home-equity lending industry saw significant growth, owed largely to the efforts of various freestanding mortgage banks extending their product lines throughout the year. Though there was a slight hiccup in the third quarter due to mortgage rates exceeding 7%, the sector held steady and thrived nonetheless.
As we step into 2024, various new and existing funding alternatives, grant schemes, and legal measures are being utilized to assist homeowners and constructors in generating essential infill housing. These mechanisms will contribute to some extent, but the necessity for savvy lenders to develop more dynamic financing solutions for Accessory Dwelling Units (ADUs) remains critical.
The market didn’t fare very well in 2023 and it seems that the upcoming period may follow suit. Continue reading for critical insights that you should be aware of.
The concept of passive investing might seem attractive until its less appealing aspects begin to show. Let’s delve into the primary danger associated with it. Please note that the summary won’t mention the original source (for instance, Realtor.com).
Tate Property Group, a boutique luxury brokerage, recently became a part of Coldwell Banker, as confirmed by an announcement made by the company a week ago.
The fierce competition among major brokerage firms for premium agents persists in Texas, with eXp Realty securing two leading teams just last week.
The real estate market is showing positive signs of strength with an uptick in the sale of homes, a slight rise in inventory levels, and an increase in home prices.
Recently, Kasper revealed that she was subjected to a threat of exposure regarding a previous personal issue that isn’t related to finances. The threat aimed to force her into compromising her role at NAR.
Currently, there is an effort to combine nine different commission lawsuits from various parts of the U.S, with the preferred jurisdiction being Missouri. The intended presiding judge for this consolidation is Stephen Bough, recognized for his previous work administering the Sitzer trial.
The boundaries of flood-prone areas are steadily increasing, adding strain to this particular region. One can expect soaring rates in these affected markets.
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