Source: Yahoo Finance —Â (Bloomberg) — US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Overall, the proportion of active real estate...
Source: The Motley Fool —Â Aside from the Great Recession, the last major housing crash was in the 1930s and 1940s during World War II. Crashes are far less common than many think, but the recent scar of the Great Recession has left many worried that we are in a...
Source: Apartment Therapy —Â A global pandemic followed up by a looming recession is the kind of once-in-a-lifetime double whammy that can really rock your financial confidence. Now, as interest rates spike, it raises the question: Could a 40-year mortgage...
Source: Scotsman Guide — Friday’s new residential sales report from the U.S. Census Bureau brought some surprising good news, as new single-family home sales jumped 10.7% monthly to a seasonally adjusted annual rate of 696,000 units in May. The gain was very...
Source: Realty Biz News —Â Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10%...
Source: Redfin — High home prices and mortgage rates, along with economic uncertainty and an increase in second-home loan fees, have put an end to the pandemic-driven vacation-home boom. Demand for vacation homes has fallen below the pre-pandemic baseline for...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
