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NAR names Utah Realtor as 2023 president

NAR names Utah Realtor as 2023 president

Source: Atlanta Agent Magazine --- The National Association of REALTORS® named Spanish Fork, Utah, Realtor Kenny Parcell as its 2023 president at the NAR NXT convention in Orlando, Florida, this week.  Parcell, who is preceded by 2022 President Leslie Rouda Smith, is...

Evidence Builds For Painful Housing Recession

Evidence Builds For Painful Housing Recession

Source: Forbes --- Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in the wrong direction, and mortgage rates have risen back to levels from before the financial crisis. How bad will the housing market get? Falling...

‘Zombie Debt’: Homeowners face foreclosure on old mortgages

‘Zombie Debt’: Homeowners face foreclosure on old mortgages

Source: Centre Daily Times --- Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home...

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

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

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...

4 Ways Rent-to-Own Can Help You Buy a House

4 Ways Rent-to-Own Can Help You Buy a House

Source: The Ascent --- Although home prices in some regions of the country have softened, the median price of a single-family home still rings in at just under $385,000. With mortgage rates hovering around 7%, the monthly payment alone pushes many would-be home buyers...

Why Are Houses So Expensive In Today’s Market?

Why Are Houses So Expensive In Today’s Market?

Homes have been booming in prices over the last few years, a lot of homeowners have been moving out of California and heading up towards Oregon, and Washington, and once the pandemic hit in 2019 people started buying land in Montana, Idaho, Utah, and other less...

What Is a Housing Market Price Correction?

What Is a Housing Market Price Correction?

Source: U.S. News ---  As a homeowner or would-be homeowner, news of housing market conditions can feel stressful – especially when you haven’t endured those conditions in the past. But not all terms are as complicated as they may seem, or as scary for you as a...