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Is Homeownership Still the American Dream?

Is Homeownership Still the American Dream?

by Third Party | Jul 6, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Keeping Current Matters —  Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many...
Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

by Third Party | Jul 6, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  Many pandemic homebuyers purchased vacation homes, which are frequently vulnerable to natural disasters. In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a Redfin...
CoreLogic: Another big home-price increase in May, but slowdowns are coming

CoreLogic: Another big home-price increase in May, but slowdowns are coming

by Third Party | Jul 6, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  CoreLogic’s latest Home Price Insights (HPI) report revealed that home prices nationwide, including distressed sales, rose 20.2% year over year in May — a still-strong annual jump, but one that’s likely to precede a period of slowing...
A new kind of South Temple conversion: Office tower will be turned into apartments

A new kind of South Temple conversion: Office tower will be turned into apartments

by Third Party | Jul 5, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Salt Lake Tribune —  As downtown Salt Lake City’s boom in residential construction rolls ahead, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments. Hines, a global real estate company...
China’s real estate crisis deepens as big Shanghai developer defaults

China’s real estate crisis deepens as big Shanghai developer defaults

by Third Party | Jul 5, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: CNN —  Hong Kong (CNN Business)Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and...
Mortgage rate forecast for July 2022: Borrowers feel the heat

Mortgage rate forecast for July 2022: Borrowers feel the heat

by Third Party | Jul 5, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Bankrate —  The mercury in your thermometer’s going up, and mortgage rates are also climbing, creating an uncomfortably hot and sticky situation for prospective homebuyers. Currently, the benchmark 30-year fixed mortgage rate is treading close to 6...
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