Source: Redfin — Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock...
Source: Redfin — The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price...
Source: Fox Business — Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.” “We’re in the middle of a real estate boom like we haven’t seen in the...
Source: Fortune — Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents. Historically speaking,...
Source: Scotsman Guide — Securing a mortgage for commercial real estate can be a complex and time-consuming process. It is challenging for borrowers who need financing for their projects to decide whether to use the capital-markets team offered by the same...
Source: CNBC — Mortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates. Total mortgage application volume fell 8.3% last week compared with the previous...
