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Foreclosure Over Selling? A Homebuyer Warns Of A New Tactic: Sellers Are 'Hiding Overdue Mortgage Payments And Backing Out On Closing Day'
Yahoo Finance· 2025-10-01 14:16
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A frustrated homebuyer has shared a warning for others in the market after losing out on a home purchase due to what they call a shady seller tactic: pretending to sell a home while “hiding overdue mortgage payments and then backing out on closing day.” Nowhere Else To Go? The Reddit user detailed the ordeal in a recent post. They were first-time buyers with an all-cash offer on a 1990s single-family home ...
Australia's home prices rise at fastest clip in a year as rate cuts fuel demand
Yahoo Finance· 2025-09-30 14:09
SYDNEY (Reuters) -Australian home prices increased at the fastest pace in a year in September, driven by rate cuts and record-low listings, property consultant Cotality said on Wednesday. National home prices increased 0.8% to a record median value of A$857,280 ($565,462) in September, marking the strongest monthly gain since October last year, according to figures from Cotality, formerly CoreLogic. For the quarter, prices were up 2.2%, compared with a 1.5% lift in the second quarter. The monthly gain w ...
BOXABL Releases CEO Video Speaking to IPO Event, Merger with FG Merger II Corp.
Prnewswire· 2025-09-30 13:35
Accessibility StatementSkip Navigation LAS VEGAS, Sept. 30, 2025 /PRNewswire/ -- BOXABL Inc. ("BOXABL" or the "Company"), one of the leaders in innovative housing solutions, today announced the release of a video message from one of its Founders and co-Chief Executive Officer Paolo Tiramani addressing key questions and insights surrounding the Company's potential upcoming merger with FG Merger II Corp. (Nasdaq: FGMC), a special purpose acquisition company ("SPAC"). Continue Reading Galiano Tiramani and Paol ...
A shortage of buyers has left sellers having to lower prices — how to use this new leverage to lock in a better deal
Yahoo Finance· 2025-09-30 10:15
Retired business owner Doug McCormick, 80, recently listed his four-bed, 4.5-bath home near Denver for $1.3 million. After two months, three open houses, and a price drop to about $1.28 million, he still hasn’t received a single offer. "I keep reminding myself you only need one buyer,” he told the Associated Press. [1] Now, he’s just waiting for that one buyer to show up. McCormick’s situation is increasingly common as home sellers across the country cut prices or offer incentives to attract buyers. For ...
For Homeowners Who Bought When Mortgage Rates Were Below 3%, Today's Market Is Paralyzing. Some Say '2.5% Is Basically Free Money'
Yahoo Finance· 2025-09-29 17:32
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When mortgage rates dipped below 3% during the pandemic, millions of homeowners locked in deals they now call once-in-a-lifetime. But as rates now hover above 6%, many of those same owners say they feel stuck. Upgrading, upsizing or relocating has become financially irrational, even for families who badly want more space. Low Rates Have Homeowners Stuck In Place The Reddit community r/MiddleClassFinance r ...
I moved for work 8 months ago but my home in Nashville still hasn’t sold. Should I rent it out — or sell at a loss?
Yahoo Finance· 2025-09-29 17:00
The upside of selling your home in this situation is having peace of mind that you’re no longer bearing the costs associated with owning it, such as maintenance, property taxes and insurance . It also means you won’t be paying a mortgage on your Nashville property plus rent or a mortgage in Phoenix at the same time.Zillow, meanwhile, says the average home value in Nashville is $436,951, which is 1.4% less than a year ago [4].Realtor.com reports that Nashville saw the steepest decline in sales activity among ...
YIT Oyj - Special Call
Seeking Alpha· 2025-09-29 15:57
PresentationOkay. I think we can start. So hi, everyone, and welcome to YIT's analyst call preceding the silent period of our third quarter of 2025 results release. My name is Essi Nikitin, and I'm heading the Investor Relations at YIT. Together with me here, I have our CFO, Tuomas Makipeska, on the line. We will start with a short recap to recent developments in the company. And after that, we have time for your questions. As a reminder, this call will be recorded, and the recording will be published on ou ...
US pending home sales rebound in August amid low mortgage rates
Yahoo Finance· 2025-09-29 14:01
WASHINGTON (Reuters) -Sales of previously owned U.S. homes increased solidly in August as lower mortgage rates pulled buyers back into the market, though a softening labor market could curb further gains. The National Association of Realtors said on Monday pending home sales, based on signed contracts, rebounded 4.0% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rising 0.2%. Contracts increased in the densely populated South, Midwest and West, b ...
A gauge of future home sales just turned negative—despite 9 straight weeks of falling mortgage rates
Yahoo Finance· 2025-09-27 20:15
Mortgage rates have been coming down, but there has yet to be a spike in homebuying activity—and one leading indicator has even declined. Pending home sales, or signed contracts leading up to a sale, fell for the first time in nearly three months, slipping about 1% during the four weeks ending Sept. 21 compared to a year earlier, according to a Redfin report on Thursday. That’s despite the weekly average mortgage rate sliding for nine consecutive weeks, hitting an 11-month low of 6.26% after reaching 6.8 ...
15 Cities with the Highest Interest Rates
Yahoo Finance· 2025-09-27 14:56
If house hunting is in your future, know that location impacts mortgage rates more than many buyers realize. Interest rates can vary significantly from city to city for reasons that go far beyond home values of that location. For example, the median home sale price for a 30-year mortgage in Rochester, New York, reported by Zillow on Jun. 30, 2025, was only $238,173, however, the interest rate is 6.875%, which is higher than many other cities. Learn More: 2 Times It Doesn’t Make Sense To Pay Off Your Mortg ...