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Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook

Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook

by Third Party | Oct 14, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: South China Morning Post —  Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent...
October mortgage rates will continue to rise, haunting home buyers

October mortgage rates will continue to rise, haunting home buyers

by Third Party | Oct 13, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: News Nation Now —  (NerdWallet) – Mortgage interest rates are likely to keep on rising in October. Projecting the trend for mortgage rates this month isn’t particularly tricky, but it doesn’t look like there’ll be any treats, either. While we don’t face...
Real estate office’s phones ‘exploded’ immediately after Micron announcement

Real estate office’s phones ‘exploded’ immediately after Micron announcement

by Third Party | Oct 13, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Local SYR —  NORTH SYRACUSE, N.Y. (WSYR-TV) — The day after Micron announced it’s building a $100 billion computer chip manufacturing plant in the Town of Clay, the Howard Hanna real estate office closest to the side “exploded” with phone calls. “When we...
What are investors telling us about real estate?

What are investors telling us about real estate?

by Third Party | Oct 13, 2022 | Industry Updates, Real Estate News

Source: The Orange County Register —  Last week, I wished you all a Merry Christmas. This was my way of adding some levity to decorations appearing in stores the last week of September. But I then got serious and discussed the chats I’ve had recently with...
Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies

Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies

by Third Party | Oct 12, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: University of California —  The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at...
The most ‘underreported’ factor influencing housing market, according to Calculated Risk

The most ‘underreported’ factor influencing housing market, according to Calculated Risk

by Third Party | Oct 12, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Deseret News —  Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
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