RESIDENTIAL & COMMERCIAL SERVICES | Alameda Contra Costa

Featured Story

Wire Fraud Alert

Wire Fraud Alert image

CAUTION: IMPORTANT WIRE FRAUD ALERT FOR HOME BUYERS

Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.

>> Learn how to be WireSafe



Local CRE Trends

  

The Latest Articles From the Newsdesk:

Calendar: What’s driving mortgage rates the week of Nov. 28-Dec. 2, 2022
Mortgage rates are notoriously difficult to predict. They rise and fall based on market sentiment, headlines and a variety of economic indicators. Here’s a look at what could move markets...

In tough housing market, mortgage rate buydowns gain momentum

Homeowner equity data and statistics
...eye-popping gains in home equity are starting to come down as the housing market resets. As of the third quarter of 2022, collective equity among homeowners in the U.S. declined by $1.3 trillion...

10 hot housing markets for home buyers in 2023
...Taylor Marr, deputy chief economist at Redfin, in a recent report.  Mortgage rates currently above 7% may keep some prospective borrowers on the sidelines, but a record high 24.2% of homebuyers...

Even A Recession Will Only Help Home Prices So Much
...prices might at best find them “only” incredibly steep, and with higher mortgage rates, maybe as unreachable as they have been. House prices rise over time. Not always in a straight line and...

Opinion: Three things George Washington gave thanks for
...years of the Covid-19 pandemic, US home prices boomed. Now, sharply higher mortgage rates are making home ownership less affordable and prices are starting to fall as a result. There is a silver...

Title insurance is burning through homebuyers' pockets — and filling up their lawyers'

Real Estate Entrepreneur Educates With Strategies For The Wholesale Market
...the potential in the market, especially in Miami, where it skyrocketed with home sales. Once I realized that real estate was what I wanted, I had to figure out what type of real estate I wanted...

Lowes Stock Is On The Rise After Earnings, Despite Housing Market Dip
...play to listen to this article! Got it! Key Takeaways As the housing market slows, more homeowners are choosing to improve their current homes. Online sales and purchases of $500 or more continue...

Real Estate Trends: Homebuilder Sentiment Drops Along With Housing Prices
...indicates that home builder sentiment has fallen for 10 consecutive months. The housing market is facing multiple challenges, including relatively high mortgage rates and inflationary pressure...