New Regulatory Rule Limits Investment Property and Second Home Mortgages
By Mickey Lynam (NMLS 974623), IBERIABANK Mortgage, Member of CCAR’s REALTOR®/Lender Committee The Federal Housing Finance Agency (FHFA) which regulates Fannie Mae and Freddie Mac, the two largest purchasers of mortgage loans from mortgage originators, has placed a tighter cap on the number of investment property and second home mortgages they can purchase. Traditionally, out…
Collin County’s Home Inventory Crisis Becomes the New Norm
The Collin County Association of Realtors (CCAR) reports that, despite increased profits, homeowners remained reluctant to sell in June. This continued reluctance increased ongoing inventory shortages, as demand remained strong for North Texas homes. In June, homes remained on the market for 15 days, 70.0% less time than the year prior. On average, homes sold…
What You Need to Know About Clear Cooperation and Coming Soon Status with Kinski Moss
On June 24, 2021, Kinski Moss, Texas REALTORS® Director of Board Services, joined CCAR’s virtual Broker/Manager and Independent Broker Network (IBN) event to provide a clear understanding of how to avoid Clear Cooperation fines. Kinski’s presentation answered the question, “Why did I lose out on a sale because a ‘Coming Soon’ seller already accepted an…
The Fight for Fair Housing: NAR President Elect Leslie Rouda Smith Discusses the Special Role REALTORS® Play
Real estate professionals have a special role to play in the fight for fair housing, are you ready? In this episode of Welcome to the Top, NAR President Elect Leslie Rouda Smith discusses implicate bias, wealth gaps, systemic segregation, and the role REALTORS® play in the fight for fair housing. Listen to the full episode…
Collin County REALTORS® Host Free Community-Wide Youth Heart Screening Event on July 17
Summer is the perfect time to check up on your child’s health and the upcoming community-wide “Living for Zachary Heart Screening” event will help you do just that! On Saturday, July 17, the Collin County Association of REALTORS® (CCAR) and the North Texas REALTORS® in Action Foundation (NTRIAF) will host a free community-wide special heart…
Are Cash Offers Really King?: Financing in a Residential Transaction
This article addresses financing in a residential transaction, with special attention given to FHA/VA financing. A key concept in a transaction relates to the money that makes up the sales price. A buyer may say, “I will pay you $400,000 cash for your house.” The thought of the buyer is that there is something magical…
Texas Existing-Home Sales, Prices Increase as Inventory Shrinks Faster than Ever
Texas’ existing-home sales increased 2.5 percent month over month (MOM) to 29,000 transactions in May but remained more than 2,000 sales below peak levels reached at the start of the year. The average home stayed on the market for just one month, a record-low duration since the series started in 1997. “Mortgage rates are still…
Understanding Home Loans
Are you looking to buy a home, but confused on what payment options are available to you? Not sure how much you’re able to borrow? Maybe you’re just curious about how home financing works? If you answered yes to any of these questions, then this is the perfect article for you. A home loan, or…
Misaligned Price or Housing Bubble?: What is Causing Rising Home Prices and When “Normal” Will Return
Why are homes prices continuing to rise and when will they go back down? Luis Torres, Research Economist at the Texas Real Estate Research Center at Texas A&M, tackles these questions and more on this episode of Welcome to the Top. Listen now at www.WelcomeToTheTop.com or wherever you like to stream podcasts.
Ten Must Do Activities in the Collin County and DFW Area
Now that summer is here, you’re probably wondering what day trip you’ll take your kids on, or maybe you need a getaway of your own. Staying inside probably isn’t an option, because, let’s be honest, last year was enough. Luckily for you, the Collin County and DFW area offer tons of fun. Keep on reading…