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Louisiana’s housing market has an insurance problem

Housing Wire

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. We’ve seen savings of up to 30% in difficult markets like Texas and Florida.

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Tired of renting? 6 signs you’re ready to buy your first home

Housing Wire

A homebuyer’s guide to a competitive housing market. And unfortunately, prices are only going to continue to rise as the housing market remains strong. Because of this, today’s lenders are more than willing to work with potential first-time homebuyers who have debt, just as long as their debt-to-income ratio (DTI) isn’t too high.

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Hispanic homeownership rate rose to 48.6% in 2022

Housing Wire

million net new Hispanic homeowner households had been added to the market, accounting for 24.4% Latinos tend to be concentrated in larger cities and coastal markets where home prices are high, the report said. Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 Today, there are 9.2

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Buyer agency: a crucial historical shift in real estate

Housing Wire

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. While lower home prices might appear advantageous to buyers who navigate the market without professional guidance, they pose a considerable risk to current homeowners.

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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

Yes, there’s a lot to consider, but there are some simple financial, market, and life meters that can act as a litmus test to help set your course. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. Will your debt-to-income ratio permit a new loan?

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Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. markets, affecting rates. mortgage rates.

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