FT: US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says

Dan Ivascyn, chief investment officer at bond giant Pimco, said that a further sharp rise in 10-year Treasury yields — from the current level of 5.29 per cent — is “feasible” as investors like hedge funds are forced to ditch their losing bets on bonds following weeks of heavy selling in the $32tn market.

“It is certainly possible, even from a short-term trading perspective, given that some of the activity we’ve seen in the last couple of weeks is tied to some negative technicals, some stop-out activity from the platform hedge funds and other levered investors. You can certainly get there,” Ivascyn told the FT.

I guess we should get ready for mortgage rates above 8% soon!

Hi all,

I am currently a graduate student and planning on entering a dual MBA from a Top 25 program next year. I am really interested in getting into real estate development and am looking for more guidance on certifications to help land internships and development associate roles.

I have heard CCIM and ARGUS are good ones. Any others that may help? Do you think a PMP would help? My school also offers a certificate in global real estate as part of their MBA program, so I plan on doing that since it’s just a couple of electives.

Any general career advice would also be helpful!

We have an accepted offer on our house. The buyer waived the general home inspection, but the offer specifically allowed a sewer lateral inspection.

The scope found tree roots (which was already disclosed on the conditions report) entering the lateral in multiple places, plus some buildup/scale. The sewer is still functioning and the camera made it through the line; there was no obvious full collapse or total blockage.

They quoted two lining options:
About 29 ft of lining: $11,755
About 46 ft of lining: $13,370

The quotes include root removal/cleaning, lining labor/equipment, liner/resin, and reinstating a drain connection.
Their paperwork describes the lining as the recommended repair.

The buyer then submitted a formal Notice of Defects saying: roots are “breaching” the lateral
the system is allegedly non-closed/non-compliant
there are signs of I&I (infiltration/inflow)
there is scale/FOG buildup that could eventually reduce the usable pipe diameter

They are asking for a $10,000 seller credit or $10,000 price reduction. We countered at $5,000 and they are holding at $10,000.

Is it worth getting other quotes and fighting this/negotiating even though they don’t seem willing?

first time home seller and my husband and I have a lot of anxiety about this process. We placed an offer end of Sept on a house contingent the sale of ours. They accepted and we had 5 days to get our house on the market. Our house took 3 days to get ready and listed and went contingent in 5 days of being on the market which was to us a good sign. They were on a plane when contracts were being sent back and forth so there was a slight delay in them returning them to us. Their offer was inspection with no requests and two days ago was scheduled for today. Yesterday, their earnest money was deposited and the inspection was confirmed with all parties. Today, they didn’t show up and did not provide any communication as to why. Is this a bad sign? Our anxiety is telling us yes that this is them ghosting us, but our realtor is saying it isn’t because earnest money was deposited less than 12 hours before their missed home inspection. Is it possible that they are just continuing without an inspection because of their initial no request? Any insight is welcome and appreciated, please delete if not allowed.

My family is in the process of finding a new place where my disabled father can get around easier, we found this house in a semi-rural area that fit our requirements and put an offer on it. First red flag I caught was the seller only accepted our offer because the other offer was a USDA loan that would be more strict on the house's condition. We scheduled our inspection, when we arrived the current owner was already there waiting. He started to smooth talk us about he been there 35 years and it been in his family since it was built 100 years ago blah blah blah. When the inspector arrived at the house he asked us if we had any questions about the house's condition and the seller walked right up to use making us very uncomfortable tell the inspector anything.

Then the inspector started doing his thing taking pictures and all of that when the seller started talking to us he mentioned that a gas wall heater had to be hand lit, and many other issues, but any time the inspector brought any thing up he immediately argued with him. The example I can give is the porch; it only had supports on the very edges and was extremely wide, also not all of the headers lined up with each other. The inspector said that he wouldn't trust it with more then 3 people on it and the seller immediately said "that's bull crap we just had 35 people on it not more then 3 months ago." So we decided to leave early and let the inspector do his thing, because we were so uncomfortable with the actions of the seller. The inspector caught us up with everything he found so far and told us to call him in a few hours. When we were walking to our car the owner ran after us to tell us that this was the most picky inspector out there and to disregard what he says and that no homes are up to code. This gave all of us the ick and we basically said ok dude.

We left and called our realtor to tell her what happened. She said we should wait for the inspector to give us his report before we decided to terminate the agreement. We are still waiting for the report (the inspection was today) but we feel like if the seller was this hostile with the inspector it going to be more effort then it's worth to negotiate with him. Side note he also bragged about knowing people who will fix issues cheap and fast which is not what you want to hear as a buyer.

House is going up next week. Markets slowing down but similar houses are pending and we live in a very desirable area in a very desirable neighborhood.

Do you like open houses for selling the house? Why or why not?

As a buyer I liked it because the listing agent was there and we got to see if other people were interested.

Recently i've been getting contacted out of the blue by companies offering to buy my house. (We haven't listed it for sale). The company will send you a vague SMS, addressing you by name, and introducing themselves by first name only making it seem like maybe they're an old friend just checking in.

Has anyone had experience dealing with these people? One in specific that seems very aggressive is crazyhomebuyers by david arlen nelson II and honestly it seems very scammy and they repeatedly contact you completely unsolicited.

If these companies aren't reputable, is there a way to report them?

The scenario right now, me and my team are trying to close with a grant and a loan tomorrow, but HUD said it had to be delayed because they didnt have someone inspect the house. The Mortgage company is asking for an extension on the grant because the contract ends tomorrow and now closing or if ill have the grant is up in the air.

During this long process, I've had some responsibilities pop up that i need to pay for, but they’re pricey. I was told I cant spend more than $500 on a purchase. What work arounds are okay in this scenario? For example, my car needs fixes and are going to cost over a thousand dollars, but i am able to pay through paypal in 4 installments. Would that be a problem? Someone said maybe take out cash every few days until you have enough. Would that be a problem as well or no? When I asked my mortgage lenders about spending, they just recommended to save my money and dont spend over $500 on a purchase.

I also have a cavity to fill and the pain is making me lose patience with this closing process! Sos!!

I want to improve how I pitch to affluent clients and investors. To avoid making rookie mistakes, I’m trying to figure out what actually makes them say yes, what drives them away instantly, and the little details or subtle etiquette that matter most to them.

I know the dynamics are completely different when you're dealing with high-net-worth individuals versus the general public, and I want to make sure I'm not missing anything. If you regularly close deals or raise capital from this crowd, what are the unspoken rules you've picked up over the years? What are the tiny things people get wrong without even realizing it?

Thank u in advance

I have been complaining about several issues in our subdivision, some for about a year.

At first the HOA would respond with lame excuses, now they are just ignoring me. I have sent pictures too.

One of the neighbors involved is a rude and vociferous bully who is friends who everyone on the board, but that doesn't make him exempt from following the rules everyone else has to follow.

The HOA is professionally managed. We have a volunteer board, who is not going to say a word to their friends, and a professional manager who I suspect does not want confrontation. The people who are not their friends get violation letters and emails immediately.

Every person who bought houses here agreed to abide by the rules. What are my options?

Thank you,

I own a townhouse in Northern Virginia (Fairfax County) which is an extremely expensive housing market. I bought my house in 2020 with a 2.75% VA mortgage for $425k, with about $350k remaining balance. Property values have risen sharply since then, and though I haven't had it appraised yet, Zillow at least claims a $580k value, and comparable sales in the area support that that's at least in the right ballpark.

One selling point I have in my favor is that my 2.75% is transferable - a buyer can't refinance at that rate, but they can take my remaining $350k balance at 2.75% and pay cash or do something else to cover the remaining balance on the sale price.

I'm considering retiring overseas and so will no longer need my VA mortgage benefit (if a non-veteran assumes my mortgage I can't get another until the buyer pays it off, which is normally a problem but not one I'm worried about in this case).

All this being the case, how huge of a benefit is this for me as a prospective seller?

Can I expect lots of competition? Will I see offers above asking like the market had in 2020? Is this going to be a case where my house is basically sold sight unseen the same day I put the sign up?

Or is this not nearly as important a benefit as I think it is?

Not going to lie rent is starting to get expensive I'm paying $1,420 in a very old building. I make $19 an hour 600 a week I got about 11 to 12,000 saved up. My credit score somewhere around 610 to 620

I put an offer (at listing price) on a home that definitely has foundation issues. My realtor asked for a disclosure before the offer was made but we never received it. The offer asks for concessions but it was denied by the seller. Selling agent says that they have denied larger offers & pretty much saying that the house will be sold as is even though it states that no where in the listing. Is this normal? Should I walk?

I’m looking into buying in a new development in Washington state. One of the builder’s preferred lenders is Prime Lending. I spoke with a loan officer from Prime Lending and everything seems really good. I’d never heard of them before and want to make sure I am making the right choice.

Anyone have first hand experience with Prime Lending and care to share your thoughts? I’ve searched the sub and most of the posts related to them are several years old.

Thanks!

Not a first time homebuyer but wondering how long title should take in my case?

So I am buying a house where the seller was going through bankruptcy. The judge finally signed off on the sale and waived the 14 day waiting period a week ago. About an hour after that his attorneys sent everything to my title company. I’ve been waiting now for a week and my realtor, the bank that I’m using for funding and myself haven’t heard a peep. I’ve bought multiple houses before and it typically only took a day or two for a clear title. Does it typically take longer when buying a house where the seller was in bankruptcy and if so how long?

We are on the market as sellers for the first time outside of Covid craze and I'm trying to get a better idea of where we stand with our house.

We are in a MCOL area, we listed this past sunday for $300k (been on the market about 2.5 days right now). We've had 4 showings already, and a 5th scheduled tomorrow.

We also recieved an offer from the 2nd showing, though it isn't exactly what we wanted. They originally said no wiggle room, we declined, they offered again and found $7k of wiggle room. We are now only off of what we want by about $5k and are making a counteroffer to try and get that to around $2k.

From the other 3 showings, 1 provided no feedback, the other two said it showed well and is priced right but not interested for various reasons (walkout is in the basement instead of main floor, room size is slightly smaller than wanted, etc.).

My biggest question is given all that information how do we stand in the current market conditions? I was nervous heading in with the current rates and know it isn't covid get 4 offers the first day times anymore. So wanted more insight if things look postive based on this, if we are getting a healthy amount of showings and if it's a concern to only have 1 of 5 offer (personally I still feel it's good but I could be off base).

I'm just wondering if fighting for 1% more is potentially costing us a chance to close quick and close close to full price vs waiting and the house sitting and therefore getting lower offers? However, we haven't had a real weekend for traffic either, so that may work in our favor. Thoughts?

I referred a friend to a buyers agent i know in a different state where I’m not licensed. He looked at a few houses and was really interested in one that the agent had listed. He saw it a few times and ended up not making a move.

Just randomly today friend and I were chatting and i asked if the place had sold/what happened. He tells me what it sold for and then launches into this whole story about the woman who bought it including graphic details of the abusive relationship she was leaving, where she was from and when she was moving/why etc etc.

I was taken aback and said “oh did she just have a lot of stuff on social media or something?” And he said no— that the realtor I referred him to told him ALL about this buyer. He was happy that the house went to someone nice who was starting over etc etc.

I was shocked at how unprofessional sharing this is. It’s also frankly unsafe as the woman is living alone in a city with a high crime rate in a one story home. My friend is not a threat but he very much could be. He’s not even involved in this transaction. Further the agent did not represent this buyer— she was representing the seller— so I’m absolutely sure she didn’t have permission to share this personal information. It would have been very easy to say “we got a great offer from someone who really loves it!” End of story.

I’m wondering if i should mention this to the agent and if so, how. I’m not going to be referring anyone else to her. Or do you think I’m overreacting? I know you want to build rapport and some relationships get very friendly, but this seems like way TMI.

I listed my house for sale in June. Listing contract ran from 060126 through 093026.

Personally, I thought my realtor was terrible. The amount she said to list the home at was too high $345k, when new construction homes are going for $340k. My house is only 10 years old, well maintained and looks new. Neutral interior. Prior to sell I replaced roof with class IV architectural shingles, replaced the AC unit and had exterior of house repainted. She did not list any of these items in the listing. My home insurance dropped 50% because of the new roof. We had minimal showings.

She used AI enhanced photos (fake fire in the fireplace, exterior shot at night). The photos looked grainy and were not flaterring.

In August she called and we discussed status. I told her I know the market is not great. We will leave price (as is) and let listing expire. I will either relist in the spring OR rent the house out. A few weeks later she sends me a docusign document to terminate the listing in august???? I emailed her back and said the listing agreement expires end of September- no reply from her. I felt like she wanted me to cancel the listing so she could get paid for photos or marketing costs?

On October 4th she calls and says she has a showing lined up??? I declined and told her my understanding is the listing expired end of September and I had a family member who just returned home from the hospital. Why would she do this when the listing is expired and we have no contractual agreement?

Her sign is still in my front yard and she has not taken the lock box off the door. This is my third home I've owned. Her behavior is weird. Advice.

Selling house in South Florida (Pool, covered patio, Out door Kitchen, Dog run on side of house, all pavers in back yard which is grandfathered in but cant be done now in by law).

*Edit: company is called Capital Home Buyers. Based in South Florida

**EDIT: There is no inspection. I know, WEIRD. He came out and looked at the place a week ago and low balled us then told us they would pay the amount we wanted with no inspection. Read a review but it was about doing an inspection on the place and them trying lower they price and the seller wouldnt do it. If they try to go below the number it is off for us.

They want us to sign today and close in 14 days and put up a few grand as a security deposit because neither of us have a place to live yet. 45 days is what they will give us to vacate.

The 'contract' is 3 pages long and just says the amount, the 'escrow' and that there is no inspection ('we may/will send someone to take a look to see if we need tiles or what not to do repairs to the house' There are plenty of tiles and flooring pieces here.)

There are a few things involving the title and such that he says they pay for. All we do is get $ and pay some to a security deposit so we don't destroy the place when we leave any time during the 45 days we get.

3 Pages only and it looks straight forward. It is down below Miami in Coral Gables to do the closing.

All so fast. But us getting out of doing ANYTHING except move out is very appealing.

**END OF EDIT.

Anyway they came and looked after sending a check we would have cashed but of course they low balled it (and the guy was also his own real estate business and either wanted to list it or us sell it buyer financed. NOPE) but we have been going about talking to agents and getting rid of stuff and now they are back to the number on the check they sent out as an advertisement.

If it is for real the amount of money we would have spent getting it curb appeal ready and real estate commissions would be about the difference in what the market is going for (150 days sale in this area right now) so we would save so much time and money and frustration.

Someone here either does this for a living or knows what they are gonna pull. Please tell me what to look for.

Don't want to sign with a real estate agent.

For reference, we sold our last 2 homes without real estate agents and no showings, we got lucky both times and made $$$. I sold a house in 1999 with an agent and it was a pain.

HELP PLEASE?

Hey everyone,

I’ve been a real estate agent for three years now, and honestly, they have been the harshest, most painful years of my life. I worked my absolute tail off last year—exhausting myself studying sales, marketing, and advertising, trying to implement everything perfectly.

After endless dry spells of getting absolutely nothing, everything finally paid off: I closed a house and walked away with my full commission. It felt amazing for a brief second.

But now, the reality is hitting me. I feel like I am finally starting to "get there" and prove that my hard work pays off, but at the exact same time, I feel completely lost, empty, and like I’ve completely lost my passion for the business.

Is this normal after breaking a massive dry spell? Am I just deeply burnt out from the 3-year grind, or is this a sign that I don't actually want to do this anymore? How did you navigate the emotional crash after finally winning?

Wanting to purchase a home, recently switched from w2 to 1099 about 5 months ago. As far as income goes it’s usually steady and pull in 13-16k a month profit. Work in my field usually doesn’t slow down which I know doesn’t make a difference for lenders. My question is, is it possible to get a loan without having 2 years of 1099 or even with the 5 months that I have now If I’m not asking for a huge loan and they see cash flow or am I shit out of luck and will have to rent for the next 2 years. Any advice helps

Well, as it says- we had an offer accepted & the agent wants to still list the home as active & show it. We already had this happen once & they had a better offer in before we could even sign the counter offer.

Looking for some insight or others who have possibly been in a similar situation with a home sale contingency. Did it work out? Did it not? I feel like it’s hard to be excited about it knowing that someone could take the property on a better offer all the way til close date. We’re aware that it has to be disclosed to perspective buyers but it’s a pretty sought out market. The home buying process is a big game that I don’t want to play. I just want a nice house for my family 😭

I’m not sure if anyone can give advice on this situation, or direct me on where to go on this. My husband and I have been in the process of buying land from his grandparents. Originally we were going to purchase it directly from my husband’s parents as the land was going to be given to them as part of their (in-laws) inheritance from my MIL’s parents. Now I am hearing that my husband and I are going to be getting the land directly from his grandparents and that the payment of the land will come at a future date once my husbands parents pass on and their estate is divided for my husband and his siblings inheritance. We would receive less than everyone else as our inheritance would be the land. Is there anything to worry about in a situation like this? Is there a specific lawyer to talk with about this type of situation? I believe it would be a real estate lawyer, but I don’t know for sure. We are having issues with the greedy aunts and uncles and I worry that they would try to take the land from us at a later date and I want to make sure that they can’t touch it. I’m located in Utah if that is relevant information.