Real Estate News

Mortgage Rates Zoom Past 4.5%—Here’s What Home Buyers Need To Know

Mortgages rates keep climbing, and that poses a major challenge for families looking to score a deal during the busy spring home-buying season. The benchmark 30-year fixed-rate mortgage averaged 4.67% for the week ending March 31, according to data released by Freddie Mac on Thursday. That represents a one-fourth percentage point increase from the previous week. This […]

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Revive’s App Helps Sellers, Agents Manage Pre-Sale Renovations

The app, called Revive Home, allows all parties involved in the renovations to communicate via direct chat, insert renovation updates and store critical documents on both major mobile operating systems. Pre-sale home renovation services company Revive released a new mobile app for clients to track and manage their construction projects. Home sellers, Revive advisors and […]

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New Tools From Clear Capital Facilitate Desktop Appraisals

Real estate agents and brokers approved by Clear Capital provide property information and photos that supplement data from public sources, helping appraisers complete accurate desktop appraisals. Real estate valuation tech provider Clear Capital has introduced two products aimed at helping lenders leverage the services of real estate agents and brokers in order to make the […]

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House Flipping Is Resurgent. But Is It Still Profitable?

Investors flipped more homes in 2021, balancing a welcome fast-moving market with an unwanted decline in gross profits. The supercharged housing market has made house flipping more popular than it’s been in years. But that doesn’t mean it’s become a more lucrative business. Attom Data Solutions on Thursday reported that 323,465 single-family homes and condos […]

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Gender Pay Gap Reduces Housing Choices For Women By 18%: Zillow

The typical woman has an annual median income of $38,620 — roughly $15,000 less than the typical male. That income gap, Zillow said, reduces women’s housing choices by 18 percent. The United States’ scathing real estate market has spared no one; however, women are having a more difficult time keeping up with booming home prices […]

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Pacaso, Engel & Völkers Partner To Formalize Co-Ownership Model

Luxury real estate brand Engel & Völkers and second-home co-ownership platform Pacaso have formally partnered to promote the sale of homes branded as co-owned luxury properties. Luxury real estate brand Engel & Völkers and second-home co-ownership platform Pacaso have formally partnered to promote the sale of homes branded as co-owned luxury properties. Pacaso was co-founded […]

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Jason Pierre-Paul Sells One of His Boca Raton Homes for $6.1M

Jason Pierre-Paul has sold one of his massive mansions in Boca Raton, FL, for $6.1 million. The linebacker had purchased the place in 2017 for just $2.3 million, so he tackled a hefty profit. The mansion was available for lease for $20,000 a month for the past couple of years, but the Florida native decided to […]

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Home Prices Reach a New Record High, Forcing Buyers To Just Give Up

Home prices nationwide have just broken yet another record, with the national median listing price soaring to $405,000 for the first time ever, according to a recent Realtor.com® report. This price is up 13.5% compared with this time last year—and up a whopping 26.5% compared with March 2020, when COVID-19 was officially declared a pandemic. […]

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