RESIDENTIAL & COMMERCIAL SERVICES | THURSTON

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:

Buying a house in Minnesota: A how-to
...years. Tips for buying a house in Minnesota Before you start comparing mortgage rates in Minnesota, it’s important to have an idea of what kind of home you’re looking to buy — and how much...

What are 40-year mortgages?
When comparing mortgage rates, the two most common loan terms are 15 years and 30 years. While 30-year mortgage payments are lower than 15-year ones, with interest rates climbing quickly, those...

Reverse mortgages see steep monthly pullback in September
...mortgages only and excludes proprietary products.  At the same time that mortgage rates have climbed, reverse mortgage lenders find themselves facing a growing list of nonbank originators offering...

By August 2023 home price growth will slow to 3.2%
...0.7% from July.  The increased cost of homeownership is dampening home buyer demand, thereby stalling home price growth, the report said. Concurrently, high mortgage rates are pushing down the...

Coming CPI Inflation Reports Could Spike According To Most Recent Forecasts
...further concern for markets and perhaps more risk for the U.S. housing market too.

LoanDepot has cut its funding capacity by $1 billion
...of the past seven weeks, according to the Mortgage Bankers Association, and mortgage rates are approaching 7% after climbing 41 basis points last week to 6.7%, according to Freddie Mac. The turbulent...

Home Buyers Getting 9% Less Space Than Last Year Thanks To Spiking Mortgage Rates
...American home buyers are getting significantly less bang for their buck as mortgage rates hover at their highest level in 16 years, according to a Tuesday report from real estate broker Redfin...

Best Jumbo CD Rates for October 2022 - CNET
...are plenty of traditional CDs insured by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA) up to $250,0000 that offer a higher APY than those marketed...

High Mortgage Rates Mean Smaller Homes For Many Buyers
...conversation bubble to join the conversation Got it! The sharp increase in mortgage rates to their highest level in 15 years is not only cutting into home buyer budgets across the country, but...

Manhattan's housing market is starting to cool with sales stalling
...rent prices set records and vacancies stay low. Ismail Ferdous/Bloomberg The Manhattan housing market is calming down.  Sales of co-ops and condos dropped 3.7% in the third quarter from the...