This post originally appeared on TheAnalystPRO's blog and has been republished with permission. Learn how to syndicate your content on theBrokerList.Versatile and adaptable:A must in the CRE worldWhether you work in a small tertiary market or in the Central Business District (CBD) of the world's largest city, you want to be prepared for any deal. That's where TheAnalyst PRO comes in. Built for all CRE professionals, regardless of specialtyTheAnalyst PRO provides a comprehensive toolkit designed to improve performance, regardless of asset class or market conditions. Whether you’re evaluating a strip mall for a long-time client or navigating potential leasing options…
Author: Private Lending Agent
Calculated Risk July 9, 2024 11:19 AM Today's Calculated Risk Real Estate Newsletter: First look at regional housing markets in JuneShort excerpt: Note: Active Listings, New Listings, and Completed Sales tables all include comparisons to June 2019 for each local market (some 2019 data is not available).This is an initial overview of some early reporting regional markets for June. I track over 40 regional housing markets in the United States. Some of the 40 markets are states, and some are large metropolitan areas. I will update these tables throughout the month as additional data is released.Sales closed in June were…
Finding the perfect real estate agent can make all the difference in buying or selling a property. When narrowing down the top real estate agents in Nevada and the US, these professionals stand out for their exceptional expertise and dedication. This comprehensive guide delves into the top 10 real estate agents in Nevada and beyond, highlighting their unique skills, achievements, and what makes them the best in the industry.Navigating the competitive real estate market requires agents who not only possess extensive knowledge of local and national trends but also exhibit outstanding negotiation skills and a client-first approach. The agents featured…
According to the latest data from mortgage technology and data company Optimal Blue, the current average interest rate for a fixed-rate 30-year conforming mortgage in the U.S. is 6.870%. Read on to learn about the average interest rates for different types of mortgages and how current rates compare to the previous day's last reported rates. Mortgage TypeCurrent RateLast Reported Rate30 Year Conforming6.870%6.896%30 Year Jumbo7.149%7.098%30 Year FHA6.695%6.669%30 Year VA6.380%6.339%30 Year USDA6.692%6.618%15 Year Conforming6.385%6.205%30 Year Conforming6.870%6.896%30 Year Jumbo7.149%7.098%30 Year FHA6.695%6.669%30 Year VA6.380%6.339%30 Year USDA6.692%6.618%15 Year Conforming6.385%6.205% 30-year mortgage rates 30 Years of Compliance According to the latest data available at the time…
Kara Masterson You likely take a lot of pride in your home, so you want to keep it looking its best for guests and potential buyers. One of the most important ways to make your home look its best is to make sure it looks its best. You can do this by making some simple updates here and there while you're living there. If you feel like it's time to renovate your home or that there are areas where your home's exterior could use some improvement, use the list below to get started. Update WindowsOne of the first things people…
(iStock) The Mortgage Bankers Association (MBA) Market Composite Index, a measure of mortgage application volumes from a weekly survey, increased 8.2% on a seasonally adjusted (SA) basis from May to June. Compared to June 2023, the index increased 1.2%. Up 1.0%. The Purchase Index and Refinance Index increased by 4.1% and 14.3% (SA) respectively for the month. On an annual basis, the Purchase Index decreased by 10.8% and the Refinance Index increased by 29.4%, according to the National Association of Home Builders. The increase in mortgage activity was driven by a 9.8 basis points (bps) decline in 30-year fixed mortgage…
Author: Allen Buchanan This post originally appeared on Location Advice and is republished with permission. Learn how to submit your blog to theBrokerList.Today is the firstHalfway through 2024. Wow! Christmas decorations will be adorning the shelves of DIY shops.It's coming to retailers soon, so get yours soon! After all,Try to get your Christmas lights up before Labor Day, but I digress. today,I thought it would be interesting to take a look at the predictions I made.To see how they are progressing this January. That's always a good ideaMake sure you are moving in the right direction, especially with the owner…
Experts say upcoming Fed meetings could affect mortgage rates. Getty Images/iStockphoto The latest inflation numbers suggest that the economy is finally slowing, and if upcoming inflation reports continue to trend downwards, the Federal Reserve may consider cutting the federal funds rate.The Fed has kept this rate high through 2024, which is a big factor in keeping mortgage rates, and other financial interest rates, high as well. But will the Fed consider changing this rate when it meets in July, and if it does, how will it affect mortgage rates? Compare today's best mortgage rates online now.Will mortgage rates fall after…
I was surprised to learn that the national average age of home sellers in 2023 is 60. I thought it would be younger. Here are some numbers from the National Association of Realtors' Home Seller Profile from last year: The typical home seller's age was 60, unchanged from last year. For all sellers, the most common reasons for selling a home were wanting to move closer to friends or family (23%), outgrowing their home (13%), and a change in family situation, such as marriage, divorce, or the birth of a child (10%). Sellers typically lived in their home for 10…
Commercial real estate (CRE) remains a large exposure for U.S. life insurers, who hold more than $900 billion of CRE, or about 17% of their total invested assets, in commercial mortgages (CMLs) and commercial mortgage-backed securities (CMBS), but weaknesses have begun to emerge across the sector in recent years, according to a new Moody's report. According to the agency, rising refinancing costs, especially in the office sector, have led to a decline in property valuations, ultimately weakening loan-to-value (LTV) ratios and increasing insurers' capital burden. Notably, U.S. life insurers have over $600 billion in outstanding mortgage loans, and as lower…