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Is a housing market crash on the way in 2022?

Is a housing market crash on the way in 2022?

by Third Party | Sep 24, 2022 | Mortgage Information, Real Estate News, U.S. Housing Market

Source: AZ Big Media —  Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website...
What buyers and sellers need to know for a real estate recession

What buyers and sellers need to know for a real estate recession

by Third Party | Sep 24, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Fox 5 Atlanta —  By now, you’ve probably heard that the economy is not in great shape. Inflation is at a 40-year high, interest rates have doubled since early this year, and real estate prices have literally gone through the roof. But what does...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

by Third Party | Sep 24, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Storeys —  The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real...
Will Mortgages Get Less Expensive in 2023?

Will Mortgages Get Less Expensive in 2023?

by Third Party | Sep 23, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: The Motley Fool —  There’s a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have forced many buyers to pause...
85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

by Third Party | Sep 23, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Business Wire —  Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. With rates now...
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