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7 Key Elements for a Restful Patio (7 photos)

Spending time in the fresh air among plants and wildlife is famously beneficial for both mental and physical health, so if you’re lucky enough to have a patio, how can you turn it into a spot where you can sit and unwind whenever possible? Take a look at these ideas for creating a relaxing haven,...

Elevated mortgage rates aren’t discouraging homebuyers

Why aren’t home sales crashing as they did in 2022? Right now we have elevated mortgage rates, trade war uncertainty, rising property taxes and home insurance, terrible consumer confidence data and a downgrade of the government’s debt, among other factors. But, housing demand continues to hold up, surprising people who can’t explain why home sales aren’t crashing anymore given elevated mortgage...

Comfortable city living usually requires a six-figure salary

Homeownership in many of America’s largest cities now demands a six-figure salary to sustain a comfortable lifestyle — with some regions requiring more than $300,000 annually. A new analysis by GOBankingRates ranked the top 50 U.S. cities by the income necessary to afford a comfortable standard of living, using factors such as average home prices, rents and other cost-of-living benchmarks. The...

Seattle housing market wrestles with crippling affordability concerns

On the surface, Seattle’s housing market looks like any other in the country. The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets. But Seattle is wrestling with a problem that is more acute than all but a handful of metropolitan...

Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate. Here’s what happened this week: UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending At HousingWire’s The Gathering, United Wholesale Mortgage Chief Technology Offficer Jason Bressler...

In Chicago, a reverse mortgage scammer left a lasting scar

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recover from Diamond’s scams. Louise Minter was tricked into taking out a reverse mortgage and had her...

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