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How will rising interest rates impact housing market in 2023? Experts weigh in
Source: Fox 10 Phoenix --- LOS ANGELES - During the height of the COVID-19 pandemic, the Federal Reserve kept interest rates historically low, and this meant a home buyer could borrow money at an incredibly low rate. Now, experts say the housing market looks...
Homeowners lost more than a trillion dollars in equity
Source: Axios --- The housing market has returned to earth. Home sellers can't just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash and more as...
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What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market
Source: Housing Wire --- While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help...
LPI CREATES ‘LUXURY DREAM HOME’ MODEL BASED ON TOP DEMANDS OF HIGH-NET-WORTH BUYERS
Source: RisMedia --- Seven major priorities currently define what high-net-worth buyers are looking for in this unprecedented, red-hot housing market…and for the first time, those needs and desires are being brought to life through a marquee illustration by Luxury...
‘Foreclosure Abuse Prevention Act’ awaits New York governor’s signature
Source: Housing Wire --- Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate courts....
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