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‘I thought things would start to cool down’: High rates, prices challenge homebuyers
Source: 13 WMAZ --- LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily. But...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
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Proposition 4: Juneau voters will decide whether to repeal mandatory disclosure of real estate prices
Source: KTOO --- This question asks voters to repeal measures the Juneau Assembly adopted in 2020 and this past February that mandate sharing real estate sales prices with the city assessor’s office. The assessor’s job is to determine the fair market value of every...
Thousands could miss out on mortgages due to rising energy costs – research
Source: Mortgage Introducer --- A recent study has shown that the rising cost of energy could lead to thousands of applicants missing out on mortgages due to its impact on their affordability. Data analysis by Mortgage Broker Tools (MBT) has found that while three in...
Bank statement loans: Mortgage lenders and requirements
Source: The Mortgage Reports --- Where can I find a bank statement loan? The home loan process looks a little different when you have self-employed income. Traditional home loans are an option, but some self-employed borrowers prefer bank statement loans, which...
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