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Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

by Third Party | Aug 9, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Investopedia —  Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day.   National Averages of Lenders’ Best...
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits

Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits

by Third Party | Aug 8, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Yahoo Finance —  Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money

Renting isn’t always the wrong choice: Here are 4 reasons it could save you money

by Third Party | Aug 7, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: USA Today —  Put aside the idea that you must own a home. I’m convinced that a group of real estate agents or builders’ organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream....
A lighthouse, a log cabin, and a schoolhouse: These quirky home listings cost less than the average home in the U.S.

A lighthouse, a log cabin, and a schoolhouse: These quirky home listings cost less than the average home in the U.S.

by Third Party | Aug 7, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: Fortune —  While the housing market is contracting and mortgage rates are jumping, the average home in the U.S. still cost over $440,000 in the second quarter of 2022, according to the St. Louis Fed. That’s not cheap—and homes that have their own unique...
Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off

Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off

by Third Party | Aug 7, 2022 | Industry Updates, U.S. Housing Market

Source: Markets Insider —  Lumber plummeted Friday, extending losses that marked a new 2022 low just two days ago.   Read...
Evaluating Real Estate Investments – Equity Multiple vs. Internal Rate of Return

Evaluating Real Estate Investments – Equity Multiple vs. Internal Rate of Return

by Third Party | Aug 6, 2022 | Industry Updates, Real Estate Agent Tools

Source: JD Supra —  Each music note has two attributes – pitch and duration. Pitch and duration are independent of each other. Pitch is indicated by the vertical position of the note on the stave, the key signature, and “accidentals” placed next to the note....
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