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HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans
The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study
Source: FloodList --- A recent study has found that the housing market in the USA is overvalued by as much as $237 billion due to unpriced flood risk. The increasing cost of flooding under climate change has led to growing concerns that housing markets are mispricing...
Additional Reading: Top Real Estate Industry News & Headlines
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Will Climate Change Concerns Impact Real Estate Investment Strategies?
Source: Up Jobs News --- Phoenix’s real estate market has been hot for quite some time, like much of the Sun Belt. According to Colliers, office, retail, and industrial investment sales in Phoenix through June 2022 totaled $4 billion. In 2021, Phoenix experienced...
This couple live mortgage-free in an incredible shipping container home
Source: MSN --- While they may be durable and budget-friendly, shipping containers aren’t usually considered the most elegant of building materials. But where others might have seen a metal box, one couple saw the bones of a truly unique residence. Undertaking almost...
Will Housing Prices Flatten — or Collapse?
Source: The Washington Post --- Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is...
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