Pending home sales continued to fall in October as higher mortgage rates shook buyer confidence. Read more from NAR’s latest home sales report. Pending home sales fell for the fifth consecutive month in October as rising mortgage rates brought many housing markets to a halt. But now that rates show signs of stabilizing, economists say more home buyers—particularly first-timers—may gradually return to the market.Still, contract signings
About Carla I am Carla Hunter and I've been a resident of the Tri-Valley since 1974. I love this area and I'm excited to share all that I know about these thriving communities. I have watched the Tri-Valley morph from a very small bedroom community with grazing animals and orchards to a beautifully orchestrated business and family dreamland. We truly have it all here and there's nowhere I'd rather be.I was born in Louisiana and moved practically
Banks are tightening standards, and private credit markets are adopting a "risk-off" stance. Billionaire Sam Zell probably doesn’t have trouble getting a bank loan. But one of the portfolio companies of his firm Equity Residential — a company he described as very well capitalized and an “A-” credit — recently “had the hardest revolver extension” that Zell’s firm has ever been involved in. Zell’s anecdote, provided at
UK-based construction productivity startup adds new tool for daily site decisions Disperse.io, a U.K.-based construction technology company with a platform that uses artificial intelligence to help project managers track work, capture data from building sites and make better project decisions, has launched a new product, Impulse, that highlights issues gleaned from 360° site scans captured in its platform.Impulse integrates performance insights
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Happy Thanksgiving to you and your loved ones from iPro Real Estate. We've officially started our holiday charity drive to raise money for youth in foster care. Please join us in donating to our Treehouse Charity Drive.
The style’s pitched roof makes it especially appealing in rural, remote areas with lots of snow A-frames are easily recognized by their triangular shape. It is the result of bringing the roof down and eliminating the walls, said Brent Campbell, an architect in Asheville, N.C. “They became this sort of iconic shape for rural vacation retreat-type structures,” said Mr. Campbell.In the book “A-Frame,” author Chad Randl, an architecture his
The 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17 The 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17, according to data released by Freddie Mac FMCC, 1.38% Thursday, lower than the 7.08% rate seen last week. It was the biggest weekly decline since 1981.Still, the 30-year was averaging at 3.10% at this point last year. “Mortgage rates tumbled this week due to incoming data that suggests inflatio
Ballot measures in the U.S. to build more affordable housing and protect tenants from soaring rent increases were plentiful and fared well in last week’s midterm elections, a sign of growing angst over record high rents exacerbated by inflation and a dearth of homes.Voters approved capping rent increases at below inflation in three U.S. cities: Portland, Maine, and Richmond and Santa Monica in California. Another measure was leading in the vote
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