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The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan

The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan

by Third Party | Sep 25, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Fortune —  Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. “I’d say if you are a homebuyer, somebody or a young person...
Ten US Housing Markets That are Cooling the Fastest

Ten US Housing Markets That are Cooling the Fastest

by Third Party | Sep 25, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Globe Street —  As the US housing market continues to cool, Seattle has the dubious distinction of slowing faster than any other city in the country, according to an analysis by Redfin that ranked the most populous US metropolitan areas according to the...
Housing Market Potential Increases for First Time in Nearly a Year, According to First American Potential Home Sales Model

Housing Market Potential Increases for First Time in Nearly a Year, According to First American Potential Home Sales Model

by Third Party | Sep 25, 2022 | Industry Updates, U.S. Housing Market

Source: Business Wire —  SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its...
Mortgage customers fear unaffordable repayments due to rate hikes

Mortgage customers fear unaffordable repayments due to rate hikes

by Third Party | Sep 25, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Mortgage Introducer —  With another interest rate hike expected this week, a third of mortgage customers in the UK said that rising rates have made repayments unaffordable for them. Commissioned by Butterfield Mortgages, an independent survey of 2,000 UK...
Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

by Third Party | Sep 24, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Redfin —  SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the technology-powered real...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

by Third Party | Sep 24, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Storeys —  The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real...
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