Newsroom
Welcome. The RCAR Newsroom is designed for members of the media seeking real estate market updates for the Cleveland area and 5 surrounding counties, including home sales statistics, as well as general news from RCAR and information about the area REALTORS®. Reporters, editors and other members of the media should direct all requests and inquiries to the RCAR CEO via phone at 423.476.5912 or by email at Lisa@RiverCounties.com.Housing Wire: New home sales make it clear – Housing is in a recession
July 26, 2022, 5:31 pm By Logan Mohtashami Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is...
MBA – Mortgage applications lowest since 2000
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey found mortgage applications fell 1.8% for the week ending July 22, 2022, from the previous week. The decrease was the fourth week in a row as home purchase activity nears pandemic levels....
Housing Wires’ Report on Wells Fargo Mortgage Decline Projections
Bank originated $34.1 billion from April to June, down 10% quarter-over-quarter July 15, 2022, 11:33 am By Flávia Furlan Nunes Wells Fargo‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a...
Housing Wire’s – White Paper on Crypto Technology
Click the image to read the article on Crypto Tech
JPMorgan Chase to cut hundreds of mortgage jobs
From Housing Wire News Company said the layoffs are a result of cyclical changes JPMorgan Chase, the nation’s largest bank, has started a workforce reduction of its mortgage lending business this week after having been struck by a tightening monetary policy that...
How the Fed’s rate hike will affect the housing market
How the Fed’s rate hike will affect the housing market While mortgage rates could come down in coming weeks, uncertainty around the size of the Fed’s next interest rate hike adds volatility June 16, 2022, 10:29 am By Connie Kim The Federal Reserve’s 75 basis point...
Federal Reserve approves interest rate hike of half a percentage point
The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation, in conjunction with a plan to shrink its $9 trillion asset portfolio beginning next month, according to Chairman Jerome Powell. During a news...
Home Ownership Matters!
RCAR’s 2022 Fairhaven Contest
As a celebration of Fair Housing Month in April, the Cultural Diversity Committee and the leadership at RCAR invite you to participate in Fairhaven! This interactive simulation allows members to test their compliance with fair housing principles by using the power of...
Policies: MLS Antitrust Compliance Policy
The purpose of multiple listing is the orderly correlation and dissemination of listing information to participants so they may better serve the buying and selling public. Boards and associations of REALTORS® and their multiple listing services shall not enact or...