Current News & Events
NYC Rents Soared in Month Before Mamdani’s Election
In Manhattan’s luxury real estate market, median prices reached $11,995, a 20% year-over-year spike. Continue Reading NYC Rents Soared in Month Before Mamdani’s Election
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
After this week’s Fed rate hike, where are mortgage rates headed?
Source: CNN Business --- Washington, DCCNN — The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002. But...
Privacy Protection Strategies For Real Estate
Source: Forbes --- Privacy protection is a critical aspect of real estate investing. If you want to know why, look no further than today’s headlines. Dr. Mehmet Oz recently faced some major hurdles in his bid for the US Senate, partly due to the fact that the media...
23% of Americans think real estate is the best way to build wealth, but only 12% bought in 2022
Source: CNBC --- When it comes to building wealth, Americans say one thing and do another. When asked the best way to build personal wealth, 23% of adults said investing in real estate, according to the recent CNBC Make It: Your Money survey, conducted in partnership...
Mortgage Rates See Largest Monthly Decline Since 2008
Source: U.S. News --- Mortgage rates have fallen every week for the past month, with the average rate on the 30-year fixed mortgage retreating further to 6.65%. Borrowing costs dipped across all fixed-rate mortgage products, including FHA loans, VA loans and 30-year...
Home Flipping Declines Again Across U.S. During Third Quarter Of 2022 As Investor Profits Hit 13-Year Low
Source: ATTOM --- IRVINE, Calif. – Dec. 15, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the...
These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash
Source: Newsweek --- Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings that the...
Real estate: Midwest is ‘last regional bastion of affordability’ for homebuying, economist says
Source: Yahoo! Finance --- Zillow Senior Economist Jeff Tucker breaks down the outlook of the housing market and mortgage rates following the Fed's latest rate hike, including regional home pricing trends ahead of 2023. Video Transcript DAVID BRIGGS: Fed Chair Jerome...
Home Prices Might Plunge in 2023. But Here’s Why We Won’t Have a Housing Market Crisis on Our Hands
Source: The Ascent --- There's a reason it's been a major struggle for home buyers -- particularly first timers -- to break into the real estate market. Housing inventory has lacked in a serious way, and any time there's more demand than there is supply of a given...
Mortgage demand inches higher as interest rates move lower
Source: CNBC News --- After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers...
What to watch for in the housing market in 2023
Source: The Hill --- Amid a housing market plagued by high mortgage rates, inflation woes and recession fears, housing prices in the U.S. are expected to fall next year, though the market isn’t likely to see a jump in buyers as a result. Forecasters indicate 2023...
