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5 US Real Estate Predictions for 2023

5 US Real Estate Predictions for 2023

by Third Party | Dec 25, 2022 | Industry Updates, U.S. Housing Market

Source: The Street —  Shakespeare had it right when he said, “I’ll give a thousand furlongs of open sea for an acre of barren ground.” U.S. homebuyers know exactly where the Bard of Avon was coming from on the real estate front. In 2022, many buyers were locked...
Wells Fargo Fined $3.7 Billion for Mismanaging Auto Loans, Mortgages, Checking, and Savings Accounts

Wells Fargo Fined $3.7 Billion for Mismanaging Auto Loans, Mortgages, Checking, and Savings Accounts

by Third Party | Dec 25, 2022 | News/Current Events, Real Estate News

Source: The Ascent —  Many consumers have struggled to keep up with their auto and mortgage loan payments this year due to surging inflation. And many have depleted their savings balances due to the higher living costs they’ve been forced to grapple with...
Home buyers get some relief as mortgage rates come off 7% highs

Home buyers get some relief as mortgage rates come off 7% highs

by Third Party | Dec 25, 2022 | Mortgage Information, Real Estate News, U.S. Housing Market

Source: Los Angeles Times —  In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates...
Mortgage rates fall for the sixth week in a row

Mortgage rates fall for the sixth week in a row

by Third Party | Dec 25, 2022 | Mortgage Information, U.S. Housing Market

Source: Yahoo! News —  Mortgage rates dropped for the sixth straight week, but housing activity remained muted going into the holidays. The rate for the average 30-year fixed mortgage slipped to 6.27% from 6.31% the week prior, according to Freddie Mac. Rates...
Housing Market Supply Is Keeping Prices From Crashing

Housing Market Supply Is Keeping Prices From Crashing

by Third Party | Dec 24, 2022 | Real Estate News, U.S. Housing Market

Source: Newsweek —  Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors...
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