Here’s what you can do to mitigate the ‘lock-in effect’ for clients

Splitero CEO Michael Gifford explains how rising interest rates and limited housing inventory are intensifying the real estate “lock-in effect,” leaving homeowners feeling trapped in their current properties. However increased home equity could offer s… Continue reading

Dripping in drama, ‘Selling the OC’ returns for Season 2

New cast member, new Cabo office and plenty of new luxury listings — the cast tells Inman this season will be bigger, better and beefier. Continue reading

Purchase loan applications once again at lowest level since 1995

Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November. Continue reading

Interest rates stay anchored after Fed chair’s hawkish speech

After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell’s tough talk on inflation in stride, but the housing sector remains vulnerable to rate hikes. Continue reading

Give ‘incredible insights’: Industry pros should be armed with data

At a time when demand for loans has shriveled, Polygon Research CEO Val Buresch argued at Inman Connect Las Vegas on Wednesday that open communication will help people take action. Continue reading

How to become a mortgage broker in 6 steps

Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers. Continue reading

Good news about economy could send mortgage rates back up

Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading

Want to buy a home? It’ll cost you $1,030 a month more than renting

The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher. Continue reading

Homebuyers flinch as mortgage rates ascend toward 2023 highs

Purchase loan applications fell by a seasonally adjusted 4 percent last week as mortgage rates surged on debt ceiling and inflation worries. Continue reading

NAR chief economist: ‘The Fed made a mistake’

At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading