Source: firsttuesday Journal — Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association (MBA) believes the U.S. will enter a recession in the first half of 2023. The MBA...
Source: The Real Deal — An economist is predicting home prices could decline much more than anticipated as the housing bubble begins to pop. A 15 percent drop in home prices for next year is “very conservative,” KPMG chief economist Diane Swonk told Fortune....
Source: Candy’s Dirt — The country is already in the midst of a “mild recession,” but local job growth is outstanding and inflation has peaked, an economist told Dallas builders last week. National Association of Home Builders Chief Economist Rob Dietz...
Source: The Ascent — There are at least two good reasons a potential home buyer may turn to owner financing. Perhaps their credit score is not high enough to qualify for a traditional mortgage, or they’re hoping to buy time to save for a larger down...
Source: The Wall Street Journal — The pressure is finally coming off mortgage rates. Amid the market’s huge reaction last week to the better-than-feared inflation print, and what it could signal about the direction of the Federal Reserve’s monetary policy, a...
Source: The Ascent — Although home prices in some regions of the country have softened, the median price of a single-family home still rings in at just under $385,000. With mortgage rates hovering around 7%, the monthly payment alone pushes many would-be home...
