Latest Real estate brokers News

Township named Flint won't put name change on fall ballot

Aug. 16, 2022 09:43 AM EDT

FLINT TOWNSHIP, Mich. (AP) — A name change for Flint Township will not appear on the fall ballot. Township trustees voted 4-2 Monday against placing the question on the ballot. The result would not have been binding, but there had been interest in getting the public's opinion about...

Long-term mortgage rates under 5% for 1st time in 4 months

Aug. 04, 2022 10:05 AM EDT

WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control. The 30-year rate tumbled to 4.99% from 5.3% last...

Average US long-term mortgage rates retreat to 5.3%

Jul. 28, 2022 10:02 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell back to 5.3%...

Average long-term US mortgage rates edge up to 5.54%

Jul. 21, 2022 10:05 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates ticked up again this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate. Mortgage buyer Freddie Mac reported Thursday that the 30-year...

North Carolina Realtors group gets office that troubles some

Jul. 11, 2022 00:02 AM EDT

Six years ago, the state’s Realtors association paid $1.5 million for one of Raleigh’s grandest old houses — a Second Empire beauty on Blount Street, practically next-door to all the legislative action. It cost even more to renovate the 1870 mansion, known as the Heck-Andrews...

Michigan governor hopeful pleads not guilty in Jan. 6 riot

Jul. 07, 2022 20:41 PM EDT

A Republican candidate for Michigan governor pleaded not guilty Thursday for his actions during the insurrection at the U.S. Capitol on Jan. 6, 2021, when he says he and other supporters of then-President Donald Trump were exercising their free speech rights. Ryan Kelley appeared...

Democrat Smith announces fellow House member as running mate

Jul. 07, 2022 15:14 PM EDT

SIOUX FALLS, S.D. (AP) — South Dakota Democratic lawmaker Jamie Smith, who is trying to unseat Gov. Kristi Noem in the November election, announced Thursday that he has selected fellow House member Jennifer Keintz for his running mate as lieutenant governor. Smith made the...

Average long-term U.S. mortgage rates ease to 5.7%

Jun. 30, 2022 10:18 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates eased back this week after shooting up nearly three-quarters of a point in recent weeks. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.70% this week from 5.81% last week. One year ago, however,...

Average long-term US mortgage rates inch up to 5.81%

Jun. 23, 2022 11:00 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week following last week's mammoth jump, the biggest in 35 years. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.81% this week, from last week's 5.78%. Last week's average —...

Cooling housing market prompts layoffs at Redfin

Jun. 14, 2022 14:57 PM EDT

SEATTLE (AP) — Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off. The Seattle Times reports CEO Glenn Kelman announced the layoffs Tuesday, telling employees, “With May demand 17% below expectations, we...