Source: The Street — The answer isn’t always simple and the current housing market has made the question one worth revisiting for many potential home-buyers. For the vast majority of Americans, a home stands as the largest purchase you will ever make....
Source: Bloomberg — Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation. No longer committed to ranking No. 1 in the...
Source: Housing Wire — The Rio Grande Valley was already struggling with housing affordability, and now higher mortgage interest rates are making it worse. That’s according to a new study from the Texas Real Estate Research Center of Texas A&M University,...
Source: ABC News — Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are...
Source: Rome News Tribune — The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in...
Source: SWNS Digital — Half of America has no idea what a mortgage actually is, new research suggests. That’s according to a recent survey that asked 2,000 Americans, 73% of them homeowners, to test their knowledge of both the housing market and financial...
Hits and Misses for the Real Estate Week of May 11-15
