May 26, 2022 |
syndicator
The Manufactured Housing Institute (MHI) appreciates that the Biden administration has created a White House Task Force on Manufactured Housing. We also commend the administration for the White House initiative announced a week ago Monday to “Ease the Burden of Housing Costs,” which a Housing Wire article noted is designed to reduce regulatory hurdles. So, […more]
May 26, 2022 |
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At least two financial institutions brought back adjustable-rate mortgage (ARM) products this week amid surging mortgage rates and double-digit home price growth. Michigan-based wholesale lender Homepoint rolled out a jumbo ARM product offering a maximum loan amount as much as $2.5 million, with a maximum loan-to-value ratio of 80%. Homepoint’s jumbo ARMs have a seven- […more]
May 26, 2022 |
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This throwback style is making its way into the world of home design in a thoroughly modern way. READ MORE…
May 26, 2022 |
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A luxury townhouse in Corona Del Mar, CA, renovated on the final season of “Flip or Flop” recently landed on the market for $3.5 million.
May 26, 2022 |
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Save big and keep cool this holiday weekend. READ MORE…
May 26, 2022 |
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Freddie Mac will now automatically verify borrower employment 10 days ahead of closing, which it says is more efficient than obtaining that information through oral or written verification. The option will be available starting June 1. To verify the borrower’s employment, Freddie Mac’s asset and income modeler will draw data from bank accounts for direct […more]
May 26, 2022 |
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Photo courtesy of Alex Stein World-renowned plaster artist Jan Hooss has installed a custom stucco art installation in the lobby of 180 East 88th Street, a new condo tower designed by Joe McMillan’s DDG. Inspired by an architectural style widely used on the Upper East Side at the beginning of the 20th century, the art piece “fuses […more]
May 26, 2022 |
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Having hit 5.30 percent two weeks ago, representing a 670-week high, the average rate for a conforming 30-year mortgage has since ticked down 20 basis points (0.2 percentage points) to 5.10 percent. That being said, the current 30-year rate is still 215 basis points or over 70 percent higher than at the same time last […more]
May 26, 2022 |
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It’s even given me a deeper, more restful sleep. READ MORE…
May 26, 2022 |
syndicator
Gwen Hughes of the Clybourn office was quoted in Crain’s regarding the downtown Chicago real estate market. In the story, she said, “If you’re a long-term fan of the city, you know it’s going to come back, and you buy now for the long term.” To read the full story, please click here.