U.S. Home Equity Increases Again in Q2 2022
U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year,...
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For One Agent, Cookies Keep Ex-Clients Close
Remember that line in The Godfather wherein Michael Corleone explains how his father taught him to “Keep your friends close...
Mortgage Mix: Demand Pulls Back as Rates Go Up
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon....
Foreclosure Starts Reach Pre-Pandemic Levels Nationwide
U.S. properties with foreclosure filings, which include default notices, scheduled auctions or bank repossessions, totaled 34,501 in August 2022, up...
Mortgage Rates Hit Highest Level Since 2008
The 30-year fixed-rate mortgage (FRM) averaged 5.89% this week, up from 5.66% last week, according to the latest Primary Mortgage...
Four Western States and Florida Are at Most Risk for Wildfire Damages in 2022
Wildfires commonly affect the Western U.S., but climate change and the region’s severe drought of recent years has only exacerbated...
BCI Slips Again, With Brokers Seeing Little Help From Feds
After a momentary reprieve, RISMedia’s Broker Confidence Index (BCI) took another fall last month, dropping from 6.8 to 6.6, continuing...
Mortgage Applications Decrease Again, but Jobs Data Could Mean Good News for Purchases
Mortgage applications decreased again this week, down 0.8% from last week’s 3.7% drop, but the strong jobs market could lead...
Revisiting the Capital Gains Tax Exemption for Home Sales
In 1997, back when Netscape ruled the web and “Seinfeld” was the most popular show on television, the average American...
Year-Over-Year Home Price Growth Dips Again in July as Higher Mortgage Rates Cool Demand
Annual home price growth slowed for the third consecutive month in July but remained elevated at 15.8%, according to the...
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