VA issues temporary fix to allow buyer-paid broker fees
The U.S. Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee.The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agre
Study: Housing Prices Far Outpaced Consumer Inflation in San Diego, Across U.S.
A home for sale in Tierrasanta. Staff photoOne measure of housing prices in the last five years shows them rising far faster than general inflation over the same period, according to a new analysis of real estate data.The increase in median price-per-square foot suggests that the typical home on the
Mortgage rates trend down as the labor market loosens
Mortgage rates kept sliding toward 7% as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the rate of 7.34% one week ago. At the same time one year ago, the average 30-year conforming rate was 6.8%. Meanwhile, the 15-year confo
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