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Hopes are High for a Spring Rebound in Mid-Atlantic Housing Market
Homeowners may be coming to terms with 6% mortgage interest rates, which could point to a better spring home buying season, at least in the Mid-Atlantic region. That’s according to the January Housing Market Report released by Bright MLS today. “After record...
The Federal Reserve is likely to hike interest rates again. What that means for you
Source: CNBC --- The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared...
The Essential Guide to Home Inspections
Source: Point2Homes --- The process of buying a new home can be long and challenging and, you’ll find that there are many steps to follow if you want to get it right. The home inspection is a key step, but it’s also one that people are often tempted to skip to save a...
The Battle of Housing Costs: Cities Where Renters & Owners Have it Better
Source: Point2Homes --- Canadian homeowners spend 24% (or almost $300) more than renters on monthly shelter costs. Major Ontario cities boast the most expensive housing costs: Homeowners in 9 cities (including Toronto, Brampton and Markham) pay more than $2,000 a...
How Long Do Californians Stay in Their Homes Before Selling?
Source: Point2Homes --- Key Highlights: California’s 30 largest cities posted significant differences in homeowner tenure in 2022: Salinas residents spent 9.3 years in their home before selling it, while owners in Elk Grove who changed homes did so after just 2.3...
St. George’s growth and progress depends on water, mayor says at State of the City address
Source: The Salt Lake Tribune --- St. George • As far as southern Utah’s largest city has come, its future growth and progress is largely dependent on water, St. George Mayor Michele Randall said Tuesday during her State of the City address. Speaking to an overflow...
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports
Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to 17 percent, just above the 15-year...
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data
Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data. Using public and private data sources, Homebuyer.com performed...
Buyers are getting more for their money as home shopping season approaches
Feb. 9, 2023 (Staff Writer)- Home buyers' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment1 plummeted from $865,000 in...
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...














