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Utah’s housing market is tough, but those with disabilities face additional barriers, advocates say

Utah’s housing market is tough, but those with disabilities face additional barriers, advocates say

by Third Party | May 2, 2022 | Mortgage Information, News/Current Events

Source: Deseret News—  He said he hadn’t known he could find assistance through his military benefits. The clinic restored him to health, but the help didn’t end there. Another veteran got him approved for an apartment with a voucher, Ware said....
A more “normalized” housing market is on the horizon: NAR

A more “normalized” housing market is on the horizon: NAR

by Third Party | May 2, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Housing Wire —  For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast region saw an...
US home prices rose by nearly 20% year-over-year in February

US home prices rose by nearly 20% year-over-year in February

by Third Party | May 1, 2022 | Mortgage Information, Real Estate News

Source: CNN —  Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index.   Phoenix, Tampa and Miami reported the highest year-over-year...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

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...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.

Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

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...
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

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...
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