With the market favoring buyers, more home sales are falling through as minor disagreements can lead to deals being called off. Nearly 60,000 home-purchase agreements were canceled in August, according to a new report from Redfin, a subsidiary of Rocket Cos. That’s 15.1% of homes that went under contract, up from 14.3% a year earlier […]
More home sales fall through as buyers gain leverage Read More »
The Financial Crimes Enforcement Network, FinCEN for short, has delayed the enforcement date of its residential real estate reporting rule. The announcement exempts “all reporting persons” from compliance with the anti-money laundering regulation from Sept. 30 until March 1, 2026. The rule was supposed to go into effect on Dec. 1. This rule was promulgated
FinCEN delays controversial real estate reporting rule Read More »
The average starter home in the United States sold for a record high last month, yet sales notably increased. The average price of a starter home rose 2.2% from last August to $206,508, while starter-home sales increased 3.8% year over year, according to a new report from Redfin, a subsidiary of Rocket Cos. August marked
Starter home sales climb despite record-high prices Read More »
In the real-estate investment market, business operators are more frequently buying and selling among themselves, according to new Batchdata research. While businesses that buy homes with the intent of flipping or renting them out might purchase from a variety of sources, over half resell those properties to other investors, a second-quarter report published by the
Who buys investor properties? Increasingly, other investors Read More »
Cities with younger, more mobile populations are set to benefit more from sinking mortgage rates, a new Realtor.com report found. More than 80% of existing mortgages have a rate of 6% or lower, meaning as rates approach similar levels, more homeowners will be brought back to the market. This especially is true in metros with
Youthful cities to benefit more by falling mortgage rates Read More »
New York recorded its first criminal conviction under a new deed theft law, securing a guilty plea from a real estate agent. Oscar Dais pleaded guilty Wednesday to stealing a Rockland County homeowner’s property by forging her signature, New York Attorney General Letitia James announced. The agent committed forgery and violated the Home Equity Theft
New York records first criminal conviction for deed theft Read More »
A borrower today needs an annual income of just over $90,000 to comfortably afford what is now a nationwide record-high median priced home, according to Attom. That price rose to $375,000 in the third quarter, the property analytics firm said Thursday. Attom based affordability on what it takes to achieve a front-end debt-to-income ratio of
Median priced home requires an income close to six figures Read More »
The title industry saw premium volume and profits both head higher with only a mild drift upward in claims during the second quarter, sustaining a turnaround insurers began to see last year. Insurers reported $4.5 million in premium volumes between April and June 2025, with the total rising approximately 9.8% from one year earlier, according
Title insurers report rising volumes in 2025 Read More »
New-home sales in the U.S. unexpectedly surged in August to the fastest pace since early 2022, likely lifted by builders’ rampant price cuts and sales incentives to motivate buyers in a jittery economy. Sales of new single-family homes increased 20.5% to a 800,000 annualized rate in a broad advance, according to a government report issued
New-home sales unexpectedly jump over 20% in broad advance Read More »
When it comes to the mortgage impact of Compass’ purchase of Anywhere Real Estate, Rate comes out as a big winner thanks to the joint ventures it has with both companies. The Rate/Anywhere JV, Guaranteed Rate Affinity, was formed in 2017, when what was then known as Realogy teamed up with the lender after ending
Rate gets mortgage benefit of Compass-Anywhere deal Read More »