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Day before eviction moratorium set to expire, Dems scramble for extension

USA Real Estate News-Inman - 7 hours 30 min ago
President Biden called on Congress on Thursday to extend the moratorium through the end of 2021, citing concerns over the quick spread of the Delta variant. Democrats were sent scrambling to respond.

LoanDepot’s ‘Grand Slam’ offer bundles agent, mortgage and title insurance

USA Real Estate News-Inman - 7 hours 40 min ago
LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services.

3 brokers share 7 tips for guiding new real estate agents

USA Real Estate News-Inman - 7 hours 59 min ago
Three real estate brokers share how they help new agents navigate bidding wars, manage finances, and keep their sanity while building their business.

Listing Prices Increase But a Market Slowdown Is in Sight

USA Real Estate News-RISMedia - 8 hours 23 min ago

Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®.

Key findings:

– The median listing price increased 10.3% YoY—the 50th consecutive week of double-digit growth

Seller Profits Strong YoY, But Saw Q2 Blip

USA Real Estate News-RISMedia - 8 hours 24 min ago

In a break from historical trends, U.S. home-sale profits for sellers dipped in the second quarter of 2021—although they remain healthy YoY, according to a new report from ATTOM Data Solutions.

Key findings:

– A typical single-family home and condo sale in the U.S in Q2 generated a profit of about $94,500, an increase from $90k in Q1 and from $60,572 at the same time last year.

– For a median-priced condo, the average return on investment in Q2 declined to 44.9% from 48.4% in the first quarter.

Mortgage Rates Shift Slightly Up, But Still Under 3%

USA Real Estate News-RISMedia - 8 hours 25 min ago

The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac.

FHFA Extends REO Eviction Moratorium

USA Real Estate News-RISMedia - 8 hours 26 min ago

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. 30, 2021.

The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set to expire on July 31, 2021.

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