Posts by Collin County Association of REALTORS®

Why Now is a Golden Opportunity for Homebuyers Written By: Crystal Parkinson, Utopia Mortgage LLC and member of CCAR’s Affiliate Committee If your clients are considering buying a home, they may be hesitant due to the current higher interest rates. However, waiting might not be the best course of action. In today’s market, there are…

Double, Double, Toil and Trouble: Be Aware of the Ghouls & Ghosts That May Haunt Your Real Estate Transactions Written By: Natalie Thrasher, Director of Marketing and Business Development with Lawyers Title and CCAR’s Affiliate Committee Member  Our industry is a target for fraudsters trying to make a “quick buck.” Well, it is not actually…

Texas A&M Real Estate Research Center: Texas Residential Mortgage Industry Optimism Wanes Through Rising Rates   Optimism waned in Texas’ residential mortgage industry amid higher interest rates, according to the latest Texas Residential Mortgage Survey (TRMS). General business activity corrected downward after improvements during the first half of the year, and challenges persist heading into…

What is “Non-QM” Lending? Written By: Don Thomas, Sales Manager for Synergy One Lending and Member of CCAR’s Affiliate Committee Non-QM lending, also known as non-qualified mortgage lending, is a type of mortgage lending that does not meet the qualified mortgage (QM) standards set by the Consumer Financial Protection Bureau (CFPB). This type of lending…

National News: REALTORS® Relief Foundation Announces $1.5 Million Relief Grant for Victims of Maui Wildfires The REALTORS® Relief Foundation announced $1.5 million in disaster relief aid has been made available to Hawaii REALTORS® in support of the REALTORS® Association of Maui after fires recently devastated communities on the Hawaiian island of Maui. Funds will be…

National News: Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023 Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report.…

National News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income…

National News: Pending Home Sales Recorded No Change in April Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All four regions saw year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based…

National News: Existing-Home Sales Faded 3.4% in April Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 3.4% from March to a seasonally adjusted annual rate of…