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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Judge orders Eric Trump to testify before election in New York attorney general probe of President Trump's company
The New York attorney general's office is probing whether the Trump Organization misstated the value of properties. They want to interview Eric Trump. Read Article
Mortgage demand from homebuyers now up 25% from a year ago
After a brief lull, mortgage demand surged ahead yet again even with the highest interest rates in several weeks. Read Article
Existing home sales jump to 14-year high, as prices set another record
After a record-setting July, the housing market still shows no sign of cooling off. Existing home sales rose to the highest level since December 2006. Read Article
Millions can't pay rent. Landlords making less than $50,000 a year are caught in the middle
Low- and middle-income landlords get a big share of their annual income from rent, making them more vulnerable than higher-earning peers to a tenant's inability to pay, according to the Hamilton Project. Read Article
The new retirement living: More baby boomers shun housing mega-developments
Cookie-cutter homes for seniors in housing mega-developments may be on the way out as new boomer retirees redefine the idea of living and communities. Read Article
Home equity surges as demand soars and mortgage rates hover near lows
After a brief stall in home sales at the start of the pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more. Read Article
Refinancing your mortgage will cost more thanks to an 'adverse market' fee
Homeowners who refinance their mortgage may end up paying a higher interest rate. This is because lenders may pass on some of the costs incurred from an "adverse market" fee that they will soon have to start paying on certain loans sold to Fannie Mae and Freddie Mac. Read Article
Government mortgage bailout numbers improve slowly, but the real test is ahead
The number of borrowers in government covid-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising. Read Article
Eric Trump says he will comply with New York attorney general's subpoena but only after the 2020 election
"We won't allow any entity or individual to dictate how our investigation will proceed or allow anyone to evade a lawful subpoena," New York Attorney General Letitia James said in response to the Trump move. Read Article
One under-the-radar play on the homebuilding boom is flashing a buy signal, trader says
With homebuilder sentiment hitting all-time highs on the back of demand for suburban housing, two traders reveal their favorite ways to play the space. Read Article