June 2024

Ireland Home Prices Rise in Q2, Driven by Inventory Shortages

According to Daft.ie's latest House Price Report, Ireland housing prices nationally rose by an average of 3.8% in the second quarter of 2024. The typical listed price nationwide in the second quarter of 2024 was €340,398, 6.7% higher than in the same period a year earlier and 35% higher than at the onset of the covid19 pandemic. While the increase in the second quarter was broadly based, there remain...

Mortgage rates aren’t deterring every buyer: Bright MLS

Mortgage rates continue to hover around 7%, as they have since the latter half of 2023 when the Federal Reserve stopped raising benchmark rates. While the conventional wisdom is that high rates are choking the housing market, a new survey suggests it’s not as all-encompassing as one might think. Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states...

South River president on 2024 reverse mortgage industry’s competitive landscape

Top 10 reverse mortgage industry lender South River Mortgage is aiming to focus on its strengths. In addition to offering a proprietary reverse mortgage product option and transitioning last year from a broker to a direct lender, the company is focusing on its core business while staying engaged with the broader industry dynamics. South River president Tyler Plack recently discussed the elements of...

Seattle documents renovation programs, tax relief for aging in place

The Seattle area is a hot housing market. According to Zillow, the average home price in the Emerald City is currently $884,828, up 4.3% year over year. As home values have risen sharply, this has made the conundrum facing the area’s seniors more difficult to navigate: If they need to downsize, they may not be able to move into a home in their price range, much less be able to obtain a mortgage at a...

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