When can we expect the next Fed rate hike? Fri, 29 Apr 2016 14:04:20 Long-term Treasury and mortgage rates are declining again. Not far, still hovering about 0.25 percent above the all-time lows, but certainly helpful to housing. Some of the reasons for the drop are traditional economics, but others remind how very strange this era is. The Federal Reserve met this week, and to no one’s surprise, it left alone the overnight cost of money. ... read more»
TRID, take 2? Fri, 29 Apr 2016 13:26:07 If you have ironed out your bugs and confusion in the seven months since the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule took effect, don’t get too comfortable. More changes to the biggest mortgage transaction overhaul we’ve had in four decades are on the way. In a letter issued to several banking and financial services industry trade groups yesterday, the CFPB said it has “begun drafting a notice of proposed rulemaking on TRID, or the “Know Before You Owe” rule, as the bureau prefers to call it ... read more»
Luxury listing: newly finished penthouse in Manhattan Fri, 29 Apr 2016 12:00:04 This two-bedroom, 2.5-bathroom penthouse sits in a newly finished residential tower in Midtown Manhattan, featuring floor-to-ceiling windows with gorgeous views of the city and a chefs kitchen with Calacatta marble counters ... read more»
11 tips for managing your time and money as an independent contractor Fri, 29 Apr 2016 11:51:52 Leaving a relatively decent full-time office job to work independently was probably the hardest professional decision I've ever made. Although I have no regrets, I admittedly did not know what I was getting myself into. Our most recent Special Report dug into the reasons why the failure rate for new real estate agents is so high, and more than three-quarters of respondents (77.39 percent) said that new agents fail at least in part because they are unprepared for the realities of working as an independent contractor ... read more»
Renters up at night over housing costs, more so than homeowners Fri, 29 Apr 2016 10:30:43 Oftentimes, studies focus on the financial strain homeowners experience while trying to maintain their households. But a new Gallup poll says renters across all income levels, who are often subject to major price increases, are almost twice as likely to worry about housing costs than homeowners.
... read more»
Agents: Work S.M.A.R.T. to accomplish your goals Fri, 29 Apr 2016 10:00:10 So often in our work life, we feel we are constantly churning the wheel and nothing is getting accomplished, which can leave us feeling drained and unsuccessful. Our time and energy is precious, and no one wants to feel burnt out when they can’t quit, so it's important to know the difference between just working and working smart ... read more»
3 ways technology is changing the closing process Fri, 29 Apr 2016 10:00:03 In what seems like a short time, consumers have come to rely on their phones, tablets and other devices as the go-to place for information.
Few industries have been impacted by this fact as significantly as real estate, where searching for a home online has become commonplace. ... read more»
Top comments of the week April 25-29 Fri, 29 Apr 2016 9:46:45 This week brought with it some fiery tech twists and revelations on new agent training. At the pivotal crossroads where Realtors and robots, screens and skills collide -- how will the chips fall? Top comments from our readers, compiled here, shed light on what the future holds. ... read more»
Nightmare on Main Street Fri, 29 Apr 2016 9:00:34 A silent and invisible enemy attacked Porter Ranch, California, as Halloween approached last year. Residents in this high-end master-planned development about 35 miles northwest of the city of Los Angeles complained of nausea, nosebleeds, and a nasty smell -- particularly in the part of the community north of Highway 118 nestled among the foothills of the Santa Susana Mountain Range ... read more»
DC community profile: The Henry Fri, 29 Apr 2016 9:00:00 The Henry is a two-building, six-floor condo development with 172 units ranging from one-bedroom to two-bedroom and a den. Built in 2007, the buildings are located on Fayette St. and Oronoco St. in Alexandria. ... read more»