Consumer Tips

    Finally, a Pause in Mortgage Rate Hikes

    After several sharp spikes and nearly doubling over the last year, mortgage rates took a breather this week, decreasing from 5.81% the previous week to 5.7% this week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, released Thursday. Key findings: 30-year fixed-rate mortgage averaged 5.70% with an average 0.9 point as…

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    Housing Affordability Challenges Strained 97% of U.S. Counties in Q2 2022

    The housing affordability crisis is a mounting challenge that isn’t going away overnight. This, according to a recent report from ATTOM Data Solutions, is evident as factors like rising mortgage rates have exacerbated the challenge to record-level proportions. The organization released its second quarter 2022 U.S. Home Affordability Report on June 30. The report found that…

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    Berkshire Hathaway HomeServices Expands Presence in Midwest Region

    Berkshire Hathaway HomeServices has announced its further expansion in the state of Ohio with the addition of Berkshire Hathaway HomeServices Metro & Fields Realty. This addition marks the brand’s continued growth in the state as its 12th franchise company, they said. “Our company is laser-focused on operating with integrity and supporting our clients with superior services that align…

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    Shorewest, REALTORS® Listing Selected as Finalist in HGTV Ultimate House Hunt 2022

    A listing represented by Kristel Sikora of Shorewest, REALTORS® New Berlin, Wisconsin office has been selected as a finalist in the HGTV Ultimate House Hunt 2022, the company has announced. The Ultimate House Hunt is a month-long online promotion held on HGTV.com annually, showcasing extraordinary homes for sale in eight categories: Amazing Kitchens, Beachfront Homes,…

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    Headliners Week of 6/26 – 7/2

    RISMedia Content Editor Paige Brown delivers this week's Headliners, a video recap of the week's top stories in real estate.

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    Real Estate Relationship Building in the Digital Age

    NextHome’s Humans Over Houses mantra has catapulted the franchisor to record-setting growth. The company added 135 offices between 2019 and 2021, making it No. 1 in office growth in the National Association of REALTORS®’ 2021 Residential Franchise Report. In 2022, Franchise Business Review ranked NextHome the No. 1 franchise in owner satisfaction across all industries.…

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    Freddie Mac Takes Further Action to Help Renters Achieve Homeownership

    Freddie Mac has announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions. Beginning July 10, 2022, this automated functionality will be available to mortgage lenders nationwide through Freddie Mac Loan Product Advisor® (LPA), the company’s automated underwriting system, a release stated. “This…

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    These Cities Have the Largest Share of Million-Dollar Homes

    Though home prices have risen significantly over the past two years, paying $1 million or more for a house may still seem excessive to most Americans. To find out where million-dollar houses are most common, LendingTree recently released analysis of its housing data that looked at the share of million-dollar homes in each of the…

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    Homebuying and Climate Change: The Riskiest and Safest Places in 2022

    Home prices in areas most impacted by climate change are actually increasing at a higher rate than the national median, according to new research released this week by Clever Real Estate. The study shows that median home sale prices have increased more than 130% in major metros within states that have had at least 50…

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    HGTV Launches 2022 Ultimate House Hunt

    Leading Real Estate Companies of the World® and Luxury Portfolio International have announced the HGTV Ultimate House Hunt 2022. 2022 marks the eleventh consecutive year that the companies have partnered with HGTV for this popular online promotion; the 2021 Ultimate House Hunt generated more than 1.5 million votes. This year’s Ultimate House Hunt runs from…

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