Home prices are poised to dip in 22 U.S. cities next year, a new analysis says. See where.
It's still a tough time to get a foothold in the housing market, with homes sitting near record values and mortgage rates parked well above 6%. But the tide could turn in 2026, with property prices forecast to dip in 22 of the largest 100 U.S. cities and mortgage rates expected to ease slightly, according to a new analysis from Realtor.com. The real estate market is expected to move in a more "buyer-friendly" direction next year, leading to the "most balanced housing market" since the pandemic, meaning that neither sellers nor buyers are likely to have the upper hand in negotiations, said Jake Krimmel, a senior economist at Realtor.com.
|
Judge orders demolition of nearly $2.2 million duplex after builder violated HOA rules, says 'harm... self-inflicted'
A tumultuous monthslong legal fight has been underway between a local builder and a homeowners association on the banks of the Geist Reservoir. Right before Thanksgiving, a Hamilton County judge sided with the WatersEdge Owners' Association and ordered MHM Investment Group to demolish a multimillion-dollar waterfront duplex.
|
Mortgage rates finally moved lower last week, but that didn't do much for demand
After rising for several weeks, mortgage rates moved decidedly lower last week, but not enough to make much of a difference in demand from current borrowers or potential homebuyers. Total mortgage application volume fell 1.4% for the week, according to the Mortgage Bankers Association's seasonally adjusted index. An additional adjustment was made for the Thanksgiving holiday.
|
DC court lets Capital Bank reclaim priority after botched refinance
Despite the absence of a release, Standard Title allowed the refinancing to proceed without telling Capital Bank that Cornerstone's lien remained. Capital Bank did not independently verify the release. It believed it retained first position based on the title commitment and the title insurance policy issued after closing, which did not list Cornerstone's lien as an exception.
|
Reducing Seller Impersonation Fraud
Fraudulent transactions involving vacant properties are on the rise and are a significant source of claims for title insurance companies. While seller impersonation fraud may involve any type of real property, it is more likely to occur where the property is vacant land, not occupied by the owner and unencumbered by a mortgage. These transactions involve a fake seller who does not have any personal relationship with an attorney, real estate agent or title company and will only communicate through phone calls, texts or email.
|