Preferred Properties Realty Group

Phone:
805-733-4494
Contact Us

Preferred Properties Realty Group

Phone:
805-733-4494
Contact Us

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Home Equity Down but Respectable in Q4 2023

USA Real Estate News-RISMedia - Thu, 2024-02-08 12:23

In the fourth quarter of 2023, 46.1% of mortgaged residential properties were deemed equity-rich, meaning that nearly half of homeowners outright own a notable amount of their properties in comparison to the outstanding mortgage or debts associated with them, according to ATTOM’s fourth quarter 2023 U.S. Home Equity & Underwater Report. According to the report,…

The post Home Equity Down but Respectable in Q4 2023 appeared first on RISMedia.

Mortgage Rates Remain Stagnant

USA Real Estate News-RISMedia - Thu, 2024-02-08 12:18

The 30-year-fixed-rate mortgage remained stagnant this week, averaging 6.64%, up from last week’s average of 6.63%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac.  This week’s numbers: The 30-year FRM averaged 6.64% as of February 8, 2024, up slightly from last week when it averaged 6.63%. A year ago at this…

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‘On-Fire’ Lawsuits, the DOJ and Sleeping With Contracts: RISMedia Panel Digs Deep Into Legal Landscape

USA Real Estate News-RISMedia - Thu, 2024-02-08 12:08

Editor’s Note: Webinar below is available to RISMedia Premier members. Premier members get full access to Webinar replays as well as our breaking and enterprise coverage and in-depth reports. Sign up today with Code Webinar50 and receive $50 off your Premier membership. Visit RISMedia.com/Premier. In around a dozen federal courtrooms across the country, and percolating…

The post ‘On-Fire’ Lawsuits, the DOJ and Sleeping With Contracts: RISMedia Panel Digs Deep Into Legal Landscape appeared first on RISMedia.

Treasury releases proposed rule for reporting all-cash luxe sales

USA Real Estate News-Inman - Thu, 2024-02-08 11:49
Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.

Controversial Florida Law Receives Limited Injunction

USA Real Estate News-RISMedia - Thu, 2024-02-08 11:29

In May 2023, Florida ratified Senate Bill (SB) 264, the law named “Interests of Foreign Countries.” The law restricts the sale or purchase of property in Florida by or/to citizens of countries including China, Russia, Iran, Cuba and Venezuela. Florida Governor Ron DeSantis described the passage of the bill as, “counteract(ing) the malign influence of…

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Report: Most Metro Areas Experienced Home Price Gains in Q4 2023

USA Real Estate News-RISMedia - Thu, 2024-02-08 11:27

More than 85% of metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%, according to the National Association of REALTORS®’ (NAR) latest report on Feb. 8. Fifteen percent of the 221 tracked metro areas experienced double-digit price…

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Falling rates helped drive home price growth in Q4, NAR says

USA Real Estate News-Inman - Thu, 2024-02-08 10:48
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.

Thoughts on Leadership: Leading With Love

USA Real Estate News-RISMedia - Thu, 2024-02-08 10:22

Earlier this year my mom passed away at the age of 93. I wanted to dedicate this week’s blog to her and the leadership lessons we’ve learned from all mothers. If you’re interested in reading my mom’s eulogy I’ve included a link below to the words I shared last week at her services. Lead by…

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