Existing-Home Sales Decline 5.9% in October 2022 October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. By: Michael Hyman Powered by WPeMatico
How a Home's Age Influences Owners' Renovation Plans A new study identifies the improvement projects homeowners prioritize based on how old their home is. By: Melissa Dittmann Tracey Powered by WPeMatico
Single-Family Home Prices Up in 98% of 185 Metro Areas Forty-six percent of the metro markets posted double-digit annual price appreciation in Q3 2022 compared to 80% in Q2. By: Michael Hyman Powered by WPeMatico
https://screaltors.org/wp-content/uploads/Forms/610.pdf FBI agent stated the FBI has developed tools to get the money back if the FBI is notified almost immediately. Educate everyone about wire fraud. Beware emailed wiring instructions. Safe recommendation is to never trust email wire instructions. Warn buyers, sellers, tenants, landlords, agents, staff, employees, lawyers, lenders/bankers, paralegals, and customers. Posted by: Byron… Continue Reading Wire Fraud
LLR SCREC UPL on 10/31/22 https://eservice.llr.sc.gov/PublicOrdersWeb/?divisionId=19 Posted by: Byron King on 11/17/22 (This information is only accurate as of 11/17/22. You must contact SCR for updates and changes to this information after 11/17/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information… Continue Reading UPL
Mortgage Rates Rise; Housing Affordability Weakens Housing affordability fell in September 2022 compared to August, with the monthly mortgage payment up 8.0% and the median family income rising 0.6%. By: Michael Hyman Powered by WPeMatico
Instant Reaction: Mortgage Rates, November 17, 2022 The 30-year fixed mortgage rate fell to 6.61% from 7.08% the previous week. As a result, owning a home is 5% less expensive than it was a week ago. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
https://www.inman.com/2022/11/09/homeowner-benefit-agreements-in-spotlight-amid-mv-realty-probe/ Posted by: Byron King on 11/17/22 (This information is only accurate as of 11/17/22. You must contact SCR for updates and changes to this information after 11/17/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading Long/Marketing Agreements
The changes go into effect January 1, 2023. Here are the revisions to Article 10: “REALTORS shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap disability, familial status, national origin, sexual orientation, or gender identity. Realtors shall not be parties to any plan or agreement to discriminate… Continue Reading NAR Professional Standards Change in 2023 (Handicap to Disability)
Instant Reaction: Housing Starts, November 17, 2022 Housing starts in October 2022 fell to 1.425 million annualized units, implying we may face shortage conditions. By: Lawrence Yun Powered by WPeMatico