Source: NAHB — After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest...
Source: Realtor — What is an escalation clause in real estate, and how does an escalation clause work? When you’re deciding on what price to offer on a home, the situation might call for a single price or, in some cases, numerous prices via an escalation...
By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315 | e: [email protected] Most people follow a strategy they perceive as prudent and well thought out until they discover it no longer works. What should they do? The results they have...
Source: World Property Journal — According to the Mortgage Bankers Association’s latest Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in May 2022, with the national median payment applied for by applicants up...
Source: National Mortgage Professional — ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low. The report shows 114,706 single-family houses and...
Source: Sun Gazette — Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and...
