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Housing Market Warning as Prices Suddenly Fall in One U.S. City

Housing Market Warning as Prices Suddenly Fall in One U.S. City

by Third Party | Jul 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Newsweek —  Continuously rising house prices have sparked warnings of a looming crash in the real estate market, but one analysis has shown that a city with soaring prices is already seeing a dip in property values over the last month. Data last month...
‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market

‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market

by Third Party | Jul 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: MarketWatch —  First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $1.25 million, while the average sales price reached its third-highest on record, a...
Mortgage Rates Hold Mostly Steady at Recent Lows

Mortgage Rates Hold Mostly Steady at Recent Lows

by Third Party | Jul 6, 2022 | Mortgage Information, News/Current Events

Source: Mortgage News Daily —  Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender.  That was the lowest since June 8th, just before the fateful CPI inflation data that kicked off a run to the highest rates...
Mortgage Rates May Stay on the Up Escalator in July

Mortgage Rates May Stay on the Up Escalator in July

by Third Party | Jul 6, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Nerdwallet —  July mortgage rates forecast Mortgage rates are likely to rise in July, extending a seven-month streak. High inflation, and the Federal Reserve’s efforts to control it, have driven mortgage rates upward. The same factors may push them...
Is Homeownership Still the American Dream?

Is Homeownership Still the American Dream?

by Third Party | Jul 6, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Keeping Current Matters —  Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many...
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