Mortgage Rates Highest Since 2008

BY  ON SEPTEMBER 23, 2022

Infographic: We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008. Click here to read more.

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Where Do People Pay the Most in Property Taxes in 2022?

BY  ON SEPTEMBER 21, 2022

The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. Click here to read more.

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Wells Fargo to Pay $94 Million to Settle Mortgage Forbearance Class-Action

BY  ON SEPTEMBER 21, 2022

HousingWire is reporting that Wells Fargo agreed to pay $94 million to settle a class-action lawsuit that placed more than 200k mortgage borrowers into forbearance during the pandemic, unlawfully and without their consent. Click here to read more.

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Rising Inflation Causing Hardship for Majority of Households

BY  ON SEPTEMBER 16, 2022

We saw in the news this past week that inflation continues to rear its ugly head. Today’s graphic from Statista illustrates how inflation is causing hardship for the majority of U.S. households. Click here to read more.

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Trusting Your Trustee

BY  ON SEPTEMBER 14, 2022

Jeff Watson says many real estate investors consistently use what he calls a “grantor revocable title holding trust”, which is a more accurate term than “land trust”, to take and hold title to a piece of real estate they buy for investment purposes. Such trusts can be used whether the property is being held as a long-term rental or being bought as a buy, fix and resell or being resold as a quick flip. The most important component of such an arrangement is the capacity and integrity of your trustee. Click here to read more.

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Two-Thirds of Millennials & Gen Z Who Moved Back Home Are Still There

BY  ON SEPTEMBER 13, 2022

A recent report from LendingTree says 32% of young adults moved back home during the pandemic – two-thirds of which are still there. Slightly more than half (51%) of those who moved home said it was out of necessity. Click here to read more.

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U.S. Foreclosure Starts Reach Pre-Pandemic Levels

BY  ON SEPTEMBER 13, 2022

According to ATTOM Data’s August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings. This figure is up 14% from one month ago and 118% from the same time period a year ago. Click here to read more.

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Yardi Says Multifamily Rent Growth Slows, But Still Strong

BY  ON SEPTEMBER 12, 2022

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents dropped $1 to $1,718 in August, marking the first month-over month decline since June 2020. Click here to read more.

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ADA, FHA, Assistive Animal, and Reasonable Accommodation Clearly Explained

BY  ON AUGUST 24, 2022

On a recent episode of the Rent Perfect podcast David Pickron says understanding the law surrounding support and assistive animals is crucial when being an effective and law-abiding landlord. Click here to read more.

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Single-Family Built-for-Rent Construction Surges

BY  ON AUGUST 24, 2022

The NAHB’s Eye on Housing says Single-family built-for-rent (SFBFR) construction surged during Q2, 2022 as higher mortgage rates caused homebuying affordability to decline. Click here to read more.

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