Homeowners with ultra-low mortgage rates ‘saved’ $600B, offset Fed hikes

Mortgage market conditions presented over the past two years have muted the effectiveness of the monetary policy tightening by saving $600 billion for homeowners, accounting for about 2% of personal consumption spending since 2022, according to a report by two Swiss Re Institute senior economists. “

FHA updates portal to accommodate expansion of 203(k) loan program

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. This system provides FHA-approved lenders and business

Bay East MLS removes field showing seller’s willingness to consider concessions

Although cooperative compensation or commission information is no longer available on many MLSs after the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement went into effect Aug. 17, some MLSs have allowed agents to continue indicating whether their seller is

Sharon and Ozzy Osbourne List $4.5 Million L.A. Condo for a Third Time—Is It a Sign Their U.K. Move Is Finally Happening?

Getty/Realtor.comSharon and Ozzy Osbourne are hoping third time’s a charm when it comes to selling one of their last remaining Los Angeles properties.The rock ‘n’ roll couple revealed in 2022 that they were planning to make a permanent move back to their home in the U.K., where they met, after more