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3 Real Estate Market Predictions for the Rest of 2022
Source: Motley Fool --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
These housing markets are ‘significantly overvalued,’ may see prices fall up to 20%, Moody’s says
Source: KSL --- SALT LAKE CITY — As the high interest rate-induced U.S. housing slump deepens, national housing experts and economists are watching home prices dip across the country — with some regional pockets dropping much faster than others. Predictions vary for...
A crash of the US housing market is ‘very unlikely’ even as mortgage rates surge to 14-year highs
Source: Business Insider --- The average 30-year mortgage hit a 14-year high Wednesday, but that surge won't spark a crash in the US housing market akin to anything seen in 2008, investment strategist Louis Navellier told Insider on Wednesday. Rates for the...
5 Aspects of My Ideal Private Real Estate Fund
Source: White Coat Investor --- A lot of people don't think of me as a “real estate investor,” which I find surprising given that I own enough investments in real estate to live off of for the rest of my life. I've owned everything from an individual rental property...
Another real estate tech company lays off workers in response to housing slowdown
Source: SF Gate --- Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market.
Real Estate Squeeze: Rising Interest Rates and Stubborn Sellers Price Out Middle Class Homebuyers
Source: Yahoo --- SCOTTSDALE, Ariz., September 13, 2022--(BUSINESS WIRE)--HomeLight, the real estate technology platform powering the nation’s best agents, published its Fall 2022 Top Agent Insights Report, featuring findings from a survey of over 1,000 of the top...
The biggest Fed rate hike in 40 years? It could be coming next week.
Source: Market Watch --- Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40...
Thinking About Rolling Closing Costs Into a Mortgage? Consider These Pros and Cons
Source: The Motley Fool --- When you purchase a home you are going to have to pay closing costs. These are fees for things like mortgage origination and transfer taxes. And they can be quite expensive. In fact, you can expect to pay around 2% to 5% of the value of the...
Wealthy homebuyers flash cash as mortgage rates climb
Source: Chicago Business --- Nearly one-third of U.S. homes sold in July were all-cash deals, with Long Island and West Palm Beach topping the list. Here's where Chicago and Milwaukee figured in the ranking. (Bloomberg) — Wealthy homebuyers are charging in with...
Mortgage Rates Spike Again to Highest Levels Since 2008
Source: US News Money --- Mortgage rates surged higher this week, according to Freddie Mac, continuing a monthlong trend of rate increases. The average interest rate on a fixed 30-year mortgage is the highest it's been since 2008, at 5.89%. For the 15-year fixed...
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