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US real estate market may be cooling, depending on who you ask

US real estate market may be cooling, depending on who you ask

by Third Party | Aug 14, 2022 | Mortgage Information, Real Estate News, U.S. Housing Market

Source: ABC News —  Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are...
Guess How Many of Us Hope for a Housing Crash

Guess How Many of Us Hope for a Housing Crash

by Third Party | Aug 13, 2022 | Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Source: The Street —  With home prices and mortgage rates soaring, it would seem that something has to give. So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information...
Fair Housing: Problem Ran Deeper than Redlining

Fair Housing: Problem Ran Deeper than Redlining

by Third Party | Aug 13, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Florida Realtors —  Discrimination tends to find loopholes. In the 1960s, Blacks bought homes using a land contract – but sellers held the deed and could evict for one missed payment. CHICAGO – If Robert York was ever bone tired, he didn’t show it. After...
Average mortgage debt rose 14% over the past 5 years

Average mortgage debt rose 14% over the past 5 years

by Third Party | Aug 13, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Rome News Tribune —  The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in...
Half of America has no idea what a mortgage actually is

Half of America has no idea what a mortgage actually is

by Third Party | Aug 13, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: SWNS Digital —  Half of America has no idea what a mortgage actually is, new research suggests. That’s according to a recent survey that asked 2,000 Americans, 73% of them homeowners, to test their knowledge of both the housing market and financial...
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