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Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.

Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Redfin — Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock...
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Redfin —  The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price...
Top 3 Reasons Real Estate Is Fast Becoming Hollywood’s Favorite Side Hustle

Top 3 Reasons Real Estate Is Fast Becoming Hollywood’s Favorite Side Hustle

by Third Party | Apr 30, 2022 | News/Current Events, Real Estate News

Source: Forbes —  ​Ellen DeGeneres has had a few tough years that have culminated in her finalizing her decision to finally retire from the Ellen show. However, these struggles have not slowed Ellen down in other areas of her life, least of all her real estate...
Opinion: the beginning of the mortgage ice age

Opinion: the beginning of the mortgage ice age

by Third Party | Apr 30, 2022 | News/Current Events

Source: Housing Wire —  Planet Earth has has gone from a ball of molten rock to ice, and then, to the climate we have today. Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. Find me a sales meeting in the...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

by Third Party | Apr 30, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Fox Business —  Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.” “We’re in the middle of a real estate boom like we haven’t seen in the...
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