Mortgage Applications Decreased Last Week Despite Low Rates
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.31% from 6.30%.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.31% from 6.30%.
New York recorded the lowest turnover rate among the top 50 metros, with only around 10 out of every 1,000 homes selling in the first nine months of the year.
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
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Effective September 21, 2022, as part of the 22.5 hours of continuing education required to renew both real estate salespersons and brokers will be required to complete at least 2 hours of instruction pertaining to implicit bias awareness and at least two hours of cultural competency training. Implicit bias is defined as the attitudes or stereotypes that affect an individual’s understanding, actions and decisions in an unconscious manner. Cultural competency is defined as understanding cultural norms, preferences and challenges within our diverse communities.
Real Estate In-Depth is the official publication of the Hudson Gateway Association of Realtors.
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WHITE PLAINS—The Hudson Gateway Association of Realtors will be holding free events highlighting association initiatives, as well as legislative
Thorne was the first black elected President of RCBR and was one of the key officials involved in the merger of RCBR and the Orange County Association of Realtors with the Westchester-Putnam Association of Realtors.
Schmelzer was born on April 11, 1940, and was the founder of Tryax Realty Management Inc. of the Bronx.
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