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Home buyers turn to riskier loans as interest rates soar

Home buyers turn to riskier loans as interest rates soar

by Third Party | Oct 18, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Click 2 Houston —  HOUSTON – Home buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of mortgages, similar to those seen ahead of the 2008...
Mortgage rates could continue rise to 8.5%: NAR

Mortgage rates could continue rise to 8.5%: NAR

by Third Party | Oct 18, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: The Real Deal —  Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a...
New factors are influencing the residential real estate market

New factors are influencing the residential real estate market

by Third Party | Oct 18, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: The Berkshire Edge —  This month, Berkshire real estate professionals have been discussing home inventory, buyer demand and how an environment with rapidly changing mortgage interest rates may impact sales in the months ahead. At the close of the third...
Got $5? These startups allow for investments in slices of real estate

Got $5? These startups allow for investments in slices of real estate

by Third Party | Oct 17, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Tech Crunch —  Although real estate is the world’s biggest asset class, it is largely inaccessible to non-institutional investors. The large sums of capital often required for an individual to purchase property combined with the industry’s reliance on...
Latest US inflation data raises questions about Fed’s interest rate hikes

Latest US inflation data raises questions about Fed’s interest rate hikes

by Third Party | Oct 17, 2022 | Industry Updates, News/Current Events

Source: The Guardian —  Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain A fresh round of US inflation data released last week showed persistently high prices, raising more questions about...
Why Redfin Sank as Much as 18.1% This Week

Why Redfin Sank as Much as 18.1% This Week

by Third Party | Oct 17, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: The Motley Fool —  Investors are getting increasingly worried about the U.S. housing market. What happened Shares of Redfin (RDFN -7.03%) sank as much as 18.1% this week, according to data from S&P Global Market Intelligence.   Read...
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