I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
The 30-year fixed-rate mortgage averaged 6.39% of today, according to new data from Freddie Mac (OTCQB:FMCC). This rate is down from last week when it averaged 6.43%. A year ago at this time, the rate 5.27%. The 15-year fixed-rate mortgage averaged 5.76%, up from last...
Housing inventory levels remain stuck below pre-pandemic levels as fewer sellers are opting to list their homes and new house construction remains enervated. According to the latest Monthly Housing Trends Report published by Realtor.com, active inventory growth slowed...
The percentage of equity-rich mortgaged properties declined slightly in the first quarter of this year. According to ATTOM’s latest U.S. Home Equity & Underwater Report, 47.2% of mortgaged residential properties were considered equity-rich in the first quarter....
The city that never sleeps may have a new reason for its tenants to be up at night – the municipal Rent Guidelines Board is proposing increases of 4% to 7% for two-year leases and hikes of 2% to 5% for one-year leases for the local rent-stabilized housing units....
Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
Hits and Misses for the Real Estate Week of May 11-15
