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COMMERCIAL BORROWERS SEEK FLEXIBILITY AMID VOLATILE LENDING LANDSCAPE
Source: RE Business Online --- After eight interest rate hikes totaling 450 basis points over the last 10 months, courtesy of the Federal Reserve’s war on inflation, commercial borrowers can only hope that the fundamental law of gravity — “what goes up must come down”...
Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years
ATTOM, a curator of land, property, and real estate data released its fourth-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the fourth...
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US housing markets are slowing. Is Florida the exception?
Source: Tampa Bay Times --- After two years of near-nonstop growth, housing prices may have finally peaked in some U.S. cities, according to data from Florida Atlantic University. Still, experts predict that Florida’s real estate market will remain strong compared to...
A ‘buyers’ market’ for homes is still elusive in the US
Source: Financial Times --- The US housing market is cooling faster than expected, as supply-chain issues continue to bite in that sector, according to Goldman Sachs. The bank expects US home-price increases to decelerate through the rest of this year and then...
Eyeing a New Home? Experts Say You Should Budget for These Costs Even as Housing Prices Begin To Drop
Source: GO Banking Rates --- Home prices in the United States continue to drop amid a slowdown in demand tied partly to rising mortgage rates, but homes are still less affordable now than at any time in the past 30 years. For potential buyers, it means paying close...
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