Source: Fortune — Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a...
Source: Keeping Current Matters — It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining...
Source: Yahoo! Finance — There are some savvy money moves to make if you earn $5,000 a month, including saving up to buy a home. However, the real estate market has been volatile in recent years, meaning there are a lot of unpredictable factors folks have to...
Source: AS — Potential homebuyers—and most people—shudder at the phrase “recession.” The 2008 recession devastated the real estate business. Sales fell, houses were foreclosed, and the market collapsed. If you’re smart, purchasing a property during a recession...
Source: Herald-Tribune — Whether viewed by home sales (demand) or housing starts (supply), the U.S. housing market downshifted significantly during 2022. Housing demand is driven by a number of factors, but perhaps chief among them is mortgage rates, as the key...
Source: MarketWatch — As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps...
HUD Updates 14 FHA Policies in Move to Improve Affordability
