Source: Fortune — Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As...
Source: Business Insider — A surprise spending deal by Democrats might lead to heftier tax bills for some ultra-wealthy real estate investors. On Wednesday night, key centrist Democrat Senator Joe Manchin released a statement that reverberated throughout the...
Source: Toronto Sun — In so many ways, we rely on the media to provide us with information about housing markets in this hectic world. Readers and viewers, however, should look at the big picture and put news in perspective. We hear a lot about rising interest...
Source: Marketplace — China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to construction stoppages and lots of angry homebuyers. Amid the turmoil, buyers...
Source: CNBC — Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest...
Source: Redfin — Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized. A half-point drop in mortgage rates from their June high is drawing some homebuyers...
