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How to cut the biggest bill of them all . . . your mortgage
Source: The Guardian --- Spiralling energy, food and petrol prices, amid warnings of a recession, mean most households will be thinking about how to keep other costs as low as possible. So what should homeowners do about their biggest monthly outgoing – the mortgage?...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Source: CNBC --- Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since...
Housing Market Sees Troubling Sign as Mortgage Lenders Fail
Source: Housing Wire --- Some independent mortgage lenders feeling the brunt of increased lending rates are declaring bankruptcy and have already laid off hundreds of employees in certain instances, in what is being described as the worst shape the housing market has...
9 Top Places for Gen Z To Live and Work Remotely
Source: Go Banking Rates --- Choosing the right place to live is not an easy decision. It can be stressful to weigh the pros and cons of living in different areas and the job and social opportunities different locations feature. You might need to decide if you prefer...
We’re in a ‘housing recession,’ experts say. Here’s what that means for homeowners, sellers and buyers
Source: CNBC --- Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of...
Pivo Wins 2022 PropTech Real Estate Indoor Mapping Solution Award
Source: EIN News --- Smartphone Mount for Real Estate Professionals Simple and Affordable Solution for Creating Better Virtual Tours, Branding, & Visibility LOS ANGELES, CA, UNITED STATES, August 22, 2022 /EINPresswire.com/ -- Pivo, Inc., a global leader of...
$14.9M palatial estate in Connecticut priced to break local record
Source: CNBC --- Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone residence, built in 1929, is the most expensive home for sale...
Interest Rate Increases, Inflation, and the Real Estate Cycle
Source: JD Supra --- In the nineteenth century, a musical genre known as the song cycle developed. Consisting of individually complete vocal songs, collectively, a song cycle Composer Franz Schubert’s cycles of German lieder (musical compositions sung by a soloist...
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
Source: Tennessee Lookout--- A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee...
Zillow: Home prices to fall in these 123 housing markets—while 780 markets will go higher in 2023
Source: Fortune --- This summer, the U.S. housing market entered into a sharp slowdown. That only intensified last month. On a year-over-year basis, new-home sales and existing-home sales are now down 17.4% and 20.2%, respectively. While single-family housing starts...
