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What the Fed’s rate increase means for homebuyers and mortgages

What the Fed’s rate increase means for homebuyers and mortgages

by Third Party | Feb 4, 2023 | Industry Updates, Real Estate News

Source: NBC News —  The Federal Reserve is still raising interest rates, meaning homebuyers will still face high mortgage rates after a rough 2022 for the housing market. The past year has been a rollercoaster ride for homebuyers and sellers alike. In early...
Falling Mortgage Rates Bring Some Home Buyers Back to Market

Falling Mortgage Rates Bring Some Home Buyers Back to Market

by Third Party | Feb 4, 2023 | Industry Updates, U.S. Housing Market

Source: The New York Times —  Earlier in the pandemic, when many urbanites were leaving New York to work remotely in far-flung locations, Molly Parker Wade instead moved from the West Coast to Brooklyn to be closer to her family. After a year of renting, Ms....
China’s real estate crisis isn’t over yet, IMF says

China’s real estate crisis isn’t over yet, IMF says

by Third Party | Feb 4, 2023 | International Real Estate News, News/Current Events

Source: CNBC —  BEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. The property market contributes to about a quarter of China’s GDP and has been a drag on growth, especially since Beijing...
Will the Tech Downturn Be the Death of SF Real Estate?

Will the Tech Downturn Be the Death of SF Real Estate?

by Third Party | Feb 4, 2023 | Real Estate News, U.S. Housing Market

Source: The San Francisco Standard —  With mounting layoffs, sky-high interest rates and empty office buildings, the woes of San Francisco’s struggling tech-driven economy make headlines every day. Yet, as the city’s population shows signs of a comeback, what is...
Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

by Third Party | Feb 3, 2023 | Industry Updates, Mortgage Information

Source: ATTOM —  IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged...
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