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Mortgage Delinquency Rate Drops to Historic Lows

by Phil Hall | May 11, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979,” said MBA’s Marina Walsh. Continue Reading Mortgage Delinquency Rate Drops to Historic Lows

US Foreclosure Activity Stabilized in April

by Phil Hall | May 11, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April

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US home prices falling 15% looks “conservative”: KPMG

by Third Party | Nov 17, 2022 | Mortgage Information, U.S. Housing Market

Source: The Real Deal --- An economist is predicting home prices could decline much more than anticipated as the housing bubble begins to pop. A 15 percent drop in home prices for next year is “very conservative,” KPMG chief economist Diane Swonk told Fortune. Swonk’s...

Dallas Housing Market Will Surge in 2024, Says NAHB Economist Rob Dietz at Home Builders Summit

by Third Party | Nov 16, 2022 | Mortgage Information, U.S. Housing Market

Source: Candy's Dirt --- The country is already in the midst of a “mild recession,” but local job growth is outstanding and inflation has peaked, an economist told Dallas builders last week. National Association of Home Builders Chief Economist Rob Dietz emphasized...

Looking for an Owner-Financed Home? 5 Things to Avoid

by Third Party | Nov 16, 2022 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: The Ascent --- There are at least two good reasons a potential home buyer may turn to owner financing. Perhaps their credit score is not high enough to qualify for a traditional mortgage, or they're hoping to buy time to save for a larger down payment but want...