Mortgage refinancing will be more expensive as Fannie Mae and Freddie Mac raise fees

Mortgage giants Fannie Mae and Freddie Mac just announced that they are raising fees for lenders on all mortgage refinances. That will result in higher costs for consumers. The change is designed to shield the two from the additional risk brought on by the coronavirus pandemic.
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Empty apartments in Manhattan reach record high, topping 13,000

Continued slow activity suggests that Manhattan’s real estate and economic troubles could extend well into the fall or beyond.
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NYC apartment vacancies hit a new all-time high as renters leave the city amid the pandemic

CNBC’s Robert Frank reports on the apartment vacancy problem in New York City and how landlords are trying to deal with the issue.
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Homes Are More Affordable Right Now Than They Have Been in Years

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report […]
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RE/MAX Platinum Realty Recognizes Top Agents for First Half of 2020

“We are very pleased to recognize our top-ranked agents, who have served their clients with distinction during this ongoing pandemic era,” said Broker-Owner Bryan Guentner. “They have consistently demonstrated their commitment to their clients, industry and community.” For total dollar volume in the first half of the year, the top five agents in order were […]

The post RE/MAX Platinum Realty Recognizes Top Agents for First Half of 2020 appeared first on RealtyBizNews: Real Estate News.
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