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A “Silver Tide” of Boomers Will Pass Their Deeds Along — And It’s Rolling
Freddie Mac is planning for nine million baby boomers to let their homes go — gradually. Freddie Mac’s recent analysis predicts just 300,000 boomer-owned homes will be released to the market this year. Larger numbers will follow, though, increasing year…
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Can’t Wait to Move. (If Only We Could Pack Up Our Low Mortgage Rate and Take It With Us!)
Some people wish they could move, but hesitate to sell their current homes. They might be thinking: “I’d gladly sell my home right now, if only I could shift the remaining 25 years of my 4%-interest mortgage to the next…
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What AI Is Doing for Real Estate—From Very Detailed Property Searches to Climate-Smart Construction
Homebuyers can speak in conversational language to the AI-boosted Tomo Real Estate app, taking the AI-powered home search up a notch. The mortgage platform can even tell you how much mortgage debt is left. The founders of Seattle-based Tomo came…
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Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters
Real estate transactions involve large money transfers. Creative swindlers love those. And now, progress in artificial intelligence (AI) brings new opportunities for real estate fraud. Shady actors are using real people’s voice or image samples to create recordings and persuade…
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It’s Election Year. How Will This Affect Sellers and Buyers?
As we enter an election year the current administration points to how strong the economy is. But there’s a disconnect between these regular public assurances and people’s life experiences. So many are either locked into their current mortgages or just…
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State of the Home Buyer: White House Promotes New Set of Tax Credits
Housing affordability remains out of reach for many in the U.S. population today. What’s the matter? Joe Biden’s March 2024 State of the Union address laid out the latest plan to help. Here’s an update on the issue, and how…
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Reverse Mortgage Scams? What Seniors Need to Know.
If you or someone you care about is 62+, you’ll know it’s important to avoid sketchy financial offers targeting older adults. But what about reverse mortgages? From time to time, media outlets point to scams or high-pressure tactics involving reverse…
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Florida’s Highlands County Introduces New Ordinance for Real Estate Transactions with Roadway Verification Requirement
In a recent update from the Highlands County Board of County Commissioners, a new ordinance (No. 22-23-23) has been established that directly impacts real estate transactions within Highlands County, Florida. This article aims to provide an informative overview of this…
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Anti-Money Laundering: Federal Rule Coming to Track Real Estate Cash
The federal government wants all-cash home buyers to be easy to find. The Financial Crimes Enforcement Network (FinCEN) is part of the U.S. Treasury Department. FinCEN has proposed a new reporting rule. It wants real estate professionals to submit forms with…