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Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook
Source: South China Morning Post --- Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent interest on...
October mortgage rates will continue to rise, haunting home buyers
Source: News Nation Now --- (NerdWallet) – Mortgage interest rates are likely to keep on rising in October. Projecting the trend for mortgage rates this month isn’t particularly tricky, but it doesn’t look like there’ll be any treats, either. While we don’t face the...
50 Of The Weirdest Real Estate Listings Shared By “The Best Of Zillow” Twitter Page
Source: Bored Panda --- Real estate listing sites feature plenty of homes for purchase that give us a glimpse into the worlds of architecture and interior design. While most are pretty normal, the Twitter account The Best of Zillow consistently finds some funny,...
Real estate office’s phones ‘exploded’ immediately after Micron announcement
Source: Local SYR --- NORTH SYRACUSE, N.Y. (WSYR-TV) — The day after Micron announced it’s building a $100 billion computer chip manufacturing plant in the Town of Clay, the Howard Hanna real estate office closest to the side “exploded” with phone calls. “When we...
What are investors telling us about real estate?
Source: The Orange County Register --- Last week, I wished you all a Merry Christmas. This was my way of adding some levity to decorations appearing in stores the last week of September. But I then got serious and discussed the chats I’ve had recently with investors,...
Why Ramit Sethi Believes This Piece of Housing Advice Is ‘Financial Propaganda’
Source: Motley Fool --- "House prices always go up. You're throwing money away by renting, and paying your landlord's mortgage while you're at it." Odds are that you've heard this oft-repeated financial advice before. To Ramit Sethi, author of I Will Teach You To Be...
Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies
Source: University of California --- The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th...
The most ‘underreported’ factor influencing housing market, according to Calculated Risk
Source: Deseret News --- Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
Hackers Target Eager Homebuyers With a Dumb Scam That Keeps Working
Source: Bloomberg --- For weeks, the Secret Service agent had been trying to identify the scammers moving millions of stolen dollars through banks around the New York tri-state area. His quest had begun on a quiet afternoon in May 2020, when the streets of New York...
For Florida Real Estate That Survived Hurricane Ian, A Price Bump Awaits
Source: Forbes --- Even as Hurricane Ian's 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his...
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