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A Strong Dollar Has U.S. Buyers Flooding Overseas Housing Markets
Source: Mansion Global --- John and Felicia Magliula are self-acknowledged adventurers, but now that they have two young daughters, they’re settling down. Just not in New Jersey where they grew up. “We decided we wanted to move to the Caribbean and St. Croix rose to...
Mortgage demand to hit 12-year low as high interest rates hammer borrowers
Source: The Telegraph --- Mortgage demand will hit a 12-year low this year as high interest rates pummel borrowers. UK mortgage lending will grow by just 0.4pc in 2023, the slowest rate since 2011, according to economic forecaster the EY Item Club. Anna Anthony, UK...
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Homebuyer Competition Drops to Lowest Level in Over Two Years
Source: Redfin --- The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition...
Should You Buy a Home with Inflation This High?
Source: Keeping Current Matters --- While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may...
First American: Potential home sales in June drops 2.5% monthly
Source: Scotsman Guide --- According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the company’s...
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