As Thanksgiving approaches, we at iPro Real Estate are reminded of the importance of gratitude. This special season allows us to reflect on the relationships, milestones, and opportunities that make our journey meaningful. At the heart of everything we do is our commitment to build "A Better Way of Living!", a vision we're privileged to share with our clients, partners, and community.This year, we're especially thankful for the trust you place in
October was the third consecutive month for gains in home sales, according to the latest NAR data, as buyers showed resilience against higher mortgage rates.Real estate professionals should be prepared to draft more home sale contracts as buyers gradually return to the housing market. Contract signings, which are a gauge for future home sales, rose 5.4% in October compared to a year ago, the National Association of REALTORS® reported Wednesday.
The federal government’s support for homeownership is about to expand as home prices continue to surge and borrowers struggle to buy.Fannie Mae and Freddie Mac, the mortgage guarantors linked to the federal government, will back mortgages up to $806,500 starting in 2025, their regulator said Tuesday. That's an increase of 5.2%. Assuming a down payment of roughly 20%, the most expensive homes financed by those mortgages will cost nearly $1 mill
Home prices continued to rise in September, albeit at a more sluggish pace, according to dueling reports released Tuesday by the Federal Housing Finance Agency and the S&P Dow Jones Indices U.S. home prices continued to rise in September, albeit at a slower pace, according to reports released by the Federal Housing Finance Agency (FHFA) and the S&P Dow Jones Indices (S&P DJI). The FHFA has attributed the slowdown to ele
Rental homes will remain an attractive option next year to would-be homebuyers sidelined by high mortgage rates and rising home prices, analysts say.American Homes 4 Rent and Invitation Homes are two big real estate investment trusts poised to benefit from the trend, say analysts at Mizuho Securities USA and Raymond James & Associates.Their outlooks boil down to a simple thesis: Many Americans will continue to have a difficult time finding a
Yair Harpaz is a seasoned Real Estate and Mortgage Broker with over 30 years of experience coming on board as a Broker-Partner. Yair will lead the launch of our new branch office in Los Angeles, extending our reach to serve the dynamic communities of Los Angeles, Ventura County and more throughout the state of California.With an impressive career spanning residential sales, mortgage loans, and development, Yair is more than just a broker, he’s
US consumers had a tougher time accessing credit this year, with applications for auto loans and mortgage refinancing being turned down at the highest rates in more than a decade. Despite largely stable demand, applications for various forms of credit were increasingly rejected in 2024, according to a survey released Monday by the Federal Reserve Bank of New York. Americans also became more pessimistic about their ability to tap credit in th
U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose slightly, indicating that an anticipated rebound probably would be muted by higher mortgage rates.The report from the Commerce Department on Tuesday suggested that residential investment, which includes homebuilding, remained subdued at the start of the fourth quarter after contracting in the last two quarte
U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about two-and-a-half years after a Republican election sweep fueled optimism for regulatory changes that could lead to more residential construction, a survey said on Monday.The National Association of Home Builders/Wells Fargo Housing Market Index rose to 46 this month, the highest since April, from 43 in O
US banks added to credit reserves in the first half of 2024 to protect against further losses from commercial real estate and some consumer loans, the Federal Reserve said in its twice-yearly supervision and regulation report Friday.The delinquency rate for CRE loans has increased to its highest level in a decade, the Fed noted, jumping to 11% at the large banks in the second quarter of 2024.“The deterioration in CRE loans has so far been mos
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