Mortgage rates moved down sharply in March, a welcome trend for homebuyers hoping to make a deal during the spring selling season. Will rates continue the downward trend in April? Housing analysts expect mortgage rates to continue to bounce around this month. While the consensus calls for rates to ease below 6 percent later this…
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Realtor deceived homeowners in financial peril: AG
by: Jesse Ullmann Posted: Mar 21, 2023 / 10:30 AM EDT Updated: Mar 21, 2023 / 03:29 PM EDT CHARLOTTE, NC (QUEEN CITY NEWS) — Charlotte is one of the largest markets included in a lawsuit against a realty company that deceived homeowners going through financial peril, according to the North Carolina Attorney General’s Office….
Existing-Home Sales Surged 14.5% in February, Ending 12-Month Streak of Declines
WASHINGTON (March 21, 2023) – Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of REALTORS®. Month-over-month sales rose in all four major US regions. All regions posted year-over-year declines. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales – completed transactions that include single-family homes, townhomes,…
School jobs scam probe: ED seizure from realtor points to ‘graft’ in civic body hirings
The Enforcement Directorate (ED), which is looking into the school jobs scam in West Bengal, on Sunday claimed to have recovered a list of candidates, admit cards and OMR sheets from the office of a realtor considered close to now expelled Trinamool Congress leader Shantanu Banerjee. Sources in the central agency claimed that the documents…
The Fed Just Jammed Another Wrench Into the Housing Market
On the precipice of the hotly anticipated spring housing market, the US Federal Reserve just dealt homebuyers another crushing blow. Jerome Powell, chair of the Federal Reserve, told Congress on Tuesday that more aggressive interest rates might be needed to cool inflation. And while mortgage interest rates are separate from the Fed’s short-term rates, they…
Black couple settle lawsuit against realtors who valued their home $500,000 below market rate
A black Bay Area couple has settled a lawsuit with the appraisal company who valued their home at just $945,000, when it was really worth $1.5 million, a fact the couple only learned when they got a white friend to pose as its owner. The undisclosed settlement victory for Paul and Tenisha Tate Austin includes…