Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7%…
Continue reading →CoStar Group is withdrawing two of its Homes.com advertising campaigns after two Fast-Track SWIFT rulings from the Better Business Bureau’s (BBB) National Programs National Advertising Division. The two challenges were brought by Move, Inc., the parent company of rival Realtor.com. Fast-Track SWIFT is an expedited process for single-issue advertising cases…
Continue reading →Institutional investors in single-family rental (SFR) houses cause rents in a neighborhood to increase quickly, but their entrance into a neighborhood doesn’t cause gentrification. That’s the conclusion from a working paper released Tuesday by the Federal Reserve Bank of Philadelphia. The paper examined the impact of an SFR company entering…
Continue reading →Again, for the fourth straight month, the median price of a single-family home in New Hampshire reached new heights in June. This time to $538,000. It’s been a successive historic climb since March, when it reached $495,950. Then it went to $515,000 in April, then $525,000 in May, then $538,000…
Continue reading →Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. As of early July, the firm was facing consumer lawsuits in Texas, Maryland, South Carolina, Pennsylvania and Ohio, and actions from state regulators in Massachusetts, Michigan and Connecticut. The increased interest…
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