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Current State of the Housing Market

Current State of the Housing Market

by Third Party | Jul 16, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Calculated Risk —  …We are seeing a clear slowing in the housing market, with more price reductions, more inventory, and fewer sales. It will take some time to see the impact on house price growth, but that is coming too. Next week, existing home...
Slowdown in Single-Family Permits in May 2022

Slowdown in Single-Family Permits in May 2022

by Third Party | Jul 16, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Eye on Housing —  Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2%...
Home loan size retreats from record as mortgage application demand cools

Home loan size retreats from record as mortgage application demand cools

by Third Party | Jul 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Fox Business —  The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week.  According to the Mortgage Bankers Association, the average purchase loan size fell to...
Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis

Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis

by Third Party | Jul 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: World Property Journal —  The National Association of Home Builders chairman Jerry Konter issued the following statement in response to this week’s House Ways and Means Committee Hearing, Nowhere to Live: Profits, Disinvestment, and the American...
Should I Buy a Home Right Now?

Should I Buy a Home Right Now?

by Third Party | Jul 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Keeping Current Matters —  If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help...
Five things to know about the next US housing crisis

Five things to know about the next US housing crisis

by Third Party | Jul 14, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Aljazeera —  As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big...
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