Consumer Tips

    Housing Market Remains Stable Despite Recession Predictions

    The current housing market is hot with high home prices and high demand. Despite these market conditions, whispers of a recession have been attracting the attention of buyers and sellers across the country. People want to know if an economic recession will impact the housing market in 2022. Here, we’ll explore what you need to…

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    Real Estate Agents: Use a Proven System to Build Your Brand and Grow Your Business

    With the rapidly changing financial market, it is not surprising that real estate agents and their customers may feel on edge. That’s why it’s important to have a system in place to market your business and stand out as the confident professional your leads and clients need. Using a proven system like Buffini & Company’s…

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    How to Buy a House With a Lower Income

    When it comes to buying a home, many people have concerns about being able to afford one. For some, this is a question of financial stability. For others, it’s about finding the right place to call home. Regardless of your reasons, one thing is for sure—you need to have a realistic idea of your income…

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    These Are the Least Affordable Housing Markets in California and the Bay Area

    Homeownership in recent months grew even further out of reach financially for most people in the Bay Area and across California, a new report says. Housing affordability declined in all nine Bay Area counties in the second quarter of 2022, according to the report from the California Association of REALTORS® (CAR). Statewide, it dipped to…

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    Curbio Announces Addition of $25 Million Credit Facility Provided by Cambridge Trust

    Curbio, Inc. has announced the closing of a $25 million credit facility and a new banking relationship with Cambridge Trust, with headquarters in Cambridge, Massachusetts. The $25 million credit facility, along with a $65 million Series B funding round announced in January, brings Curbio’s total 2022 funding to $90 million, the company stated. According to…

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    RISMedia’s Newsmakers: Putting a Spotlight on the Agents of Change

    Every industry has pioneers for a better way, and that is no different in real estate. From exploring new technology and resources to elevating industry standards, these “Trailblazers” are working hard to navigate complex challenges, identify opportunities and provide solutions to help move the industry forward. For the sixth year in a row, we are…

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    Home Sales Plummeting Across Price Points, Regions

    Existing home sales continue to free-fall, seemingly not yet hitting a floor as the market is now half a year into an accelerating decline, with July seeing a 16.2% year-over-year drop—even as other metrics paint a much more complicated picture around housing, according to the latest data from the National Association of REALTORS® (NAR). With…

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    Leading Data Still Points to ‘Mild’ Recession

    Non-profit economic think tank The Conference Board saw its Leading Economic Index (LEI) fall for the fifth month in July as recession risks remain a clear danger to the country heading into the fall. The LEI, which relies on a broad swath of big-picture macroeconomic metrics including manufacturing orders, housing permits and stock prices, fell…

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    Mortgage Rates Revert from Last Week

    The 30-year fixed-rate mortgage (FRM) changed course again this week, averaging 5.13%, down from 5.22%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac today. Key highlights: 30-year fixed-rate mortgage averaged 5.13% with an average 0.8 point as of August 18, 2022, down from last week when it averaged 5.22%. A…

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    Mortgage Applications Change Course After 2 Weeks of Increases

    After two weeks of increases, mortgage applications changed course this week, decreasing 2.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 12, 2022. Key findings: The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3% on a…

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