This week, Rocket Mortgage announced ONE+, a 1% down home loan program in the United States. The program, which also eliminates mortgage insurance fees, is available to American homebuyers whose income is equal to or less than 80% of their area median income (AMI).
Fannie Mae’s Economic and Strategic Research (ESR) Group released its revised forecast on May 19th. The group expects the U.S. to enter a mild recession later this year, along with a decrease in home prices.
Jimmy Mackin, CEO of Curaytor, shared a must-do strategy in the BAMx Private Facebook Group last week. Take a look to find out the email every agent should be sending to clients this week.
For the Hot Sheet recap for May 15th – 19th, Byron Lazine shares ways agents can address consumer fears during today’s complex market— whether discussing home prices, consumer sentiment or commercial real estate investments.
Last week, the FHFA announced its decision to rescind DTI LLPA fees. This week, NAR President Kenny Parcell testified against another LLPA fee issued by the FHFA—this one for borrowers with fair to good credit.
A RealTrends & BoomTown Case Study revealed best practices from top-performing agents and teams that consistently lead to more transactions year after year. Read on for the key findings so you can close up to 39% more transactions this summer.
The Hot Sheet recap for May 8th – 12th covers what will happen to home prices, with predictions with and without a U.S. default on debt. Plus, the FHFA rescinds its DTI LLPA fee and a dip in spring housing inventory.
To pump you up for your weekend (or at least make you laugh), here are some of the best open house real estate memes from the past couple of weeks.
On Wednesday, the FHFA announced it would rescind its DTI LLPA fee for conventional borrowers. The decision comes after the FHFA announced a delayed implementation to better understand the concerns of industry stakeholders.
At the National Association of Realtors® 2023 REALTORS® Legislative Meetings, Chief Economist Lawrence Yun took to the stage to discuss the current real estate market, and what he forecasts for the residential and commercial real estate markets.
In a recent BAM Interview, Byron Lazine sat down RE/MAX CEO Nick Bailey. Nick shared his insights on how agents need to reconnect with their sphere of influence in order to last in the real estate industry.
According to a recent report by Home Bay, 72% of renters believe that homeownership will never happen for them. The survey shows growing pessimism toward the housing market.
