Source: Redfin — Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year. The Los Angeles metro area led the way, with 718 homes selling for at least $100,00 over asking...
Source: Housing Wire — HousingWire: What opportunities do lenders miss out on by not focusing on credit, especially early in the mortgage origination cycle? Mike Darne: When I joined CreditXpert back in March of 2021, I started digging into aggregated internal...
In 1913 folks could buy a five-course meal and iced tea for 10 cents. That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%. Many folks will...
Source:Bloomberg — Finding a home to buy is only the first struggle. Then there’s paying the mortgage. That’s become increasingly challenging, with the average American monthly mortgage payment rising to the highest level ever. It’s now $1,230 per month for...
Source: KERA News — State officials have rolled out a “Texas Homeowner Assistance Fund” that is designed to help homeowners who’ve fallen behind on mortgage payments and other housing costs during the pandemic. The program has about $700 million in...
Source: Fortune — When Chris Matta wanted to buy a condo in Jersey City three years ago, he ran into a problem. Matta, 32, had just left a job as vice president at Goldman Sachs to start Crescent Crypto, a crypto asset management firm, and most of his net...
Builders Grow Slightly More Confident in Housing Market
