Source: Realty Biz News — Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10%...
Source: NY Post — The scorching pandemic-era US housing market is on the verge of a “coast to coast” price correction as the Federal Reserve hikes interest rates, a prominent economist warned this week. Mark Zandi, chief economist at Moody’s Analytics, said his...
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...
Hits and Misses for the Real Estate Week of June 15-19
