by Third Party | Jan 17, 2022 | Mortgage Information, News/Current Events, Real Estate News
Source: KSL.com — SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The...
by Third Party | Jan 17, 2022 | Mortgage Information, News/Current Events
Source: Realtor.com — Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that...
by Third Party | Jan 16, 2022 | Mortgage Information, News/Current Events
Source: National Mortgage Professional — Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9...
by Third Party | Jan 16, 2022 | Mortgage Information, News/Current Events
Source: Axios — Mortgage rates have jumped to their highest level since early 2020. Why it matters: The rising cost of home loans could slow the booming American market for residential real estate. State of play: Across the country, house prices have exploded...
by Third Party | Jan 15, 2022 | Mortgage Information, News/Current Events, Real Estate News
Source: Redfin News— The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell...
by Third Party | Jan 15, 2022 | Mortgage Information, News/Current Events
Source: Zillow — The Black homeownership rate has rebounded modestly from recent lows, but remains below its early 2000s peak as racial disparities in the mortgage and housing markets widened throughout the early part of the pandemic, according to a Zillow...
How much do you have to earn to afford Salt Lake County’s median-priced home?January 17, 2022
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?January 17, 2022
ATTOM: Foreclosure Activity Hit All-Time Low In 2021January 16, 2022
Rising mortgage rates could slow house price surgeJanuary 16, 2022
