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Homebuilder Confidence Breaks Streak, Sees Increase

USA Real Estate News-RISMedia - Tue, 2024-09-17 11:05

The decline of mortgage rates to their lowest level in 19 months has instilled new confidence in homebuilders in September, according to the latest National Association of Home Builders (NAHB) data.  The NAHB/Wells Fargo Housing Market Index (HMI) for September registered at 41, up two points from its August reading, which was the lowest level…

The post Homebuilder Confidence Breaks Streak, Sees Increase appeared first on RISMedia.

Mariah Carey has racked up $18.6M in mortgage debt

USA Real Estate News-Inman - Tue, 2024-09-17 11:03
After buying a Tribeca penthouse for $9 million cash in 1999, the pop star has borrowed millions in loans on the pad's equity in order to fund her lavish lifestyle.

GreenLite’s permitting software approved, earns $28.5M Series A

USA Real Estate News-Inman - Tue, 2024-09-17 11:00
Construction permitting software company GreenLite has closed on a Series A round of funding of $28.5 million.

Mortgage payments cheaper than rent in nearly half of all US metros

USA Real Estate News-Inman - Tue, 2024-09-17 10:40
Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.

Tongo’s agent-focused finance app ready for market

USA Real Estate News-Inman - Tue, 2024-09-17 07:00
A new solution to help brokers administer financial benefits to agents is now available from Tongo, a company that “builds financial products that cater to the needs of the commission economy."

How can I really be sure sellers will pay the buyer’s agent (me)?

USA Real Estate News-Inman - Tue, 2024-09-17 04:00
The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents.

Frustrated? Here’s why leaving NAR won’t solve the problem

USA Real Estate News-Inman - Tue, 2024-09-17 04:00
Despite its problems, brokerage CEO Sean Frank writes, NAR membership is still the logical option for real estate professionals.
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