Mortgage Industry News
Higher mortgage rates depress U.S. single-family housing starts, building permits
Source: Reuters --- WASHINGTON, Dec 20 (Reuters) - U.S. single-family homebuilding tumbled to a 2-1/2-year low in November and permits for future construction plunged as higher mortgage rates continued to depress housing market activity. The dour report from the...
What You Need to Earn to Buy a Home in the Largest U.S. Cities
Source: New York Times --- As prices rise, higher mortgage payments follow, and after nearly three years of rapid home appreciation during the pandemic, qualifying for a home loan is more difficult than ever. Today’s buyers also face the additional cost of rising...
Can I buy real estate inside of my IRA?
Source: True Jersey --- Q. I wanted to buy a condo for my son, where he would pay rent that would cover the monthly carrying costs. If I wanted to buy it within an IRA, can I? I’d rather not take a mortgage. — Dad A. That’s a very generous move. It is possible to buy...
Are You Money Laundering?
So, you want to get a new home and you have a new job and you are not sure if you can be approved? It seems to be happening more and more. I continue to hear things like “I just moved and took a filler job until I can find something better….. it is a commission job...
CAN YOU PUT AN OFFER ON A HOUSE THAT’S CONTINGENT?
Source: RIS Media --- Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning Real estate listings go through different...
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Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
