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Thinking of Refinancing? Be Prepared for This Little-Known Cost
Source: The Ascent --- Right now isn't the best time to be hunting for a deal on a new mortgage loan, but what if you already own a home and are hoping to refinance it and get a different mortgage rate? Rates are up across the board, so you may not save money on...
Home Prices Could Fall 20%. Here’s Why That Doesn’t Necessarily Make Them Affordable
Source: The Ascent --- It's been a wild couple of years for the housing market, from price increases due to a lack of housing supply and skyrocketing demand, to this year's mortgage rate spike. New data from the Dallas Fed suggests that we could be facing a housing...
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’
Source: Yahoo! --- Mortgage rates continued to weaken for the fifth week in a row, after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, points to “softer inflation data and a modest shift in the Federal Reserve’s...
Four questions to ask when developing a real estate investment strategy
Source: Royal Examiner --- Do you want to invest in real estate? If so, it’s a good idea to develop a strategy to help you reach your goals. To guide you, here are four questions you should ask yourself. 1. What do you know about real estate?If there are gaps in what...
‘Supply problem’ is keeping housing unaffordable, expert says
Source: Yahoo! Money --- While many forecasts point to home prices declining next year amid slowing home sales, housing will remain unaffordable for many homebuyers, according to one expert. "We have a supply problem with housing," Marc Norman, associate dean at the...
After this week’s Fed rate hike, where are mortgage rates headed?
Source: CNN Business --- Washington, DCCNN — The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002. But...
Privacy Protection Strategies For Real Estate
Source: Forbes --- Privacy protection is a critical aspect of real estate investing. If you want to know why, look no further than today’s headlines. Dr. Mehmet Oz recently faced some major hurdles in his bid for the US Senate, partly due to the fact that the media...
23% of Americans think real estate is the best way to build wealth, but only 12% bought in 2022
Source: CNBC --- When it comes to building wealth, Americans say one thing and do another. When asked the best way to build personal wealth, 23% of adults said investing in real estate, according to the recent CNBC Make It: Your Money survey, conducted in partnership...
Mortgage Rates See Largest Monthly Decline Since 2008
Source: U.S. News --- Mortgage rates have fallen every week for the past month, with the average rate on the 30-year fixed mortgage retreating further to 6.65%. Borrowing costs dipped across all fixed-rate mortgage products, including FHA loans, VA loans and 30-year...
Home Flipping Declines Again Across U.S. During Third Quarter Of 2022 As Investor Profits Hit 13-Year Low
Source: ATTOM --- IRVINE, Calif. – Dec. 15, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the...
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