Home builder pulling back

Home builder pulling back. USA – Home building giant Lennar is reportedly looking to sell its real estate lending arm, Rialto Capital, as builders continue to face a stagnant housing market, The Wall Street Journal reports. Lennar has declined to comment publicly on the recent news reports, but in an investor call last week and …

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Mortgage applications fall

Mortgage applications fall. USA – Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume is highly rate-sensitive, and interest rates are now about a full percentage point higher than they were one year ago. In order to afford more home, more homebuyers are turning to riskier, adjustable-rate …

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Get better prices with sole mandate properties

Get better prices with sole mandate properties. The differences between the two types of mandates may seem quite obvious: a sole mandate gives a single agent the exclusive right to market and sell your home, while an open mandate allows any qualified agent to find you a willing buyer. As a seller, you’ll need to …

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Giving Your Child A Mortgage

Giving Your Child A Mortgage. As housing prices continue to climb across the nation’s hottest real estate markets, many young families struggle to buy their first home, particularly in their parents’ more expensive neighborhoods. Wanting to keep their children close, parents, with the financial resources to help, often consider gifting a home to their children. …

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