National News

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Houston housing market cools as sales slow down

A shortage of buyers and scarce new listings are leading to an uptick in homes sitting on the market longer than a month. While this is good news for buyers, it’s a source of frustration for sellers, Redfin reports.

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Off-market real estate app DropOffer launches in Houston

Off-market real estate app DropOffer is moving into six new markets, including Houston, Atlanta, Phoenix, Dallas, Charlotte and Tampa.

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Houston ranked among most popular Airbnb destinations

Airbnb analyzed booking data for long-term guests & their hosts & found that Houston is among the most popular U.S. cities for remote workers.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

BidMyListing platform met with questions as it expands nationally

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Federal Reserve raises interest rates by .75% — again

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

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