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What the Fed’s rate increase means for homebuyers and mortgages
Source: NBC News --- The Federal Reserve is still raising interest rates, meaning homebuyers will still face high mortgage rates after a rough 2022 for the housing market. The past year has been a rollercoaster ride for homebuyers and sellers alike. In early 2022,...
Falling Mortgage Rates Bring Some Home Buyers Back to Market
Source: The New York Times --- Earlier in the pandemic, when many urbanites were leaving New York to work remotely in far-flung locations, Molly Parker Wade instead moved from the West Coast to Brooklyn to be closer to her family. After a year of renting, Ms. Wade, a...
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Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
These 10 U.S. real estate markets are cooling the fastest: Here’s what to know if you’re a prospective buyer
Source: CNBC --- After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
CoreLogic: Delinquencies, foreclosures stay the course in ‘relatively solid’ housing market
Source: Scotsman Guide --- April marked one year and one month of delinquencies dropping on a yearly basis, with delinquent mortgages sliding 1.8% annually to 2.9% of all loans, according to CoreLogic’s latest Loan Performance Insights report. On a monthly basis,...
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