Source: CNBC — Buying a home often seems like a promising strategy to build wealth since your monthly mortgage payments can help you build equity, and home values typically appreciate over time. However, sometimes due to housing market conditions, your home’s...
Source: The Daily Yonder — Lance George is the Housing Assistance Council’s director of research and information, an arm of that nonprofit which seeks to generate and improve access to reliable data about rural housing trends nationwide. Since 2020, a lot of...
Source: Fox 10 Phoenix — LOS ANGELES – During the height of the COVID-19 pandemic, the Federal Reserve kept interest rates historically low, and this meant a home buyer could borrow money at an incredibly low rate. Now, experts say the housing market...
Source: Axios — The housing market has returned to earth. Home sellers can’t just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash...
Source: U.S. News — Getting to a point where you feel emotionally and mentally ready to buy a house can be a journey on its own. But your work doesn’t stop there. Most homebuyers don’t have a lump sum they can use to buy a home in one cash payment....
Source: Mortgage News Daily — We’re in the middle of a 4 day week culminating in one of the most important events of the year for interest rates. Thursday morning brings the release of the Consumer Price Index (CPI)–an inflation report that has...
Hits and Misses for the Real Estate Week of May 11-15
