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U.S. home prices see biggest monthly drop in 11 years. It’s weighing on homeowner wealth
Source: Deseret News --- After two years of runaway price growth, the U.S. housing market has hit a tipping point. Home price growth has been decelerating for months now as the U.S. market cools from the pandemic frenzy. But in July, that shifted to an actual decline...
US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin
Source: New York Post --- The housing market’s ongoing slowdown will continue through the end of the year as surging mortgage rates discourage prospective homebuyers, according to the latest analysis by real estate firm Redfin. Redfin noted a “nosedive” in...
What Is Dual Agency In Real Estate?
Source: Quicken Loans --- Whether you’re buying or selling a home, it’s a good idea to work with a real estate agent. These trained professionals have valuable experience they can leverage to help make your purchase or sale go as smoothly as possible. Usually, the...
Real estate: ‘Coastal markets are going to start declining,’ Fundrise CEO says
Source: Yahoo Finance --- SEANA SMITH: After a hot couple of years, the housing market finally cooling off, but that doesn't mean that there aren't opportunities to invest in this space. Ben Miller, the co-founder and CEO of Fundrise, joins us now. Ben, since the last...
Everyone is trying to buy rental real estate right now, but after 15 years as a landlord I’m selling my properties for 4 reasons
Source: Business Insider --- 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....
‘Housing correction’ is coming. What homeowners, buyers and sellers should know.
Source: M Live --- Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon. Two-thirds of the nation’s largest housing markets are overvalued,...
Why the Housing Market Is Not in Recession
Source: Knowledge at Wharton --- Wharton real estate professor Fernando Ferreira doesn’t believe the U.S. housing market has entered a recession. Home sales are falling in response to rising interest rates, but there’s still a mismatch of supply and demand, he said....
Current Refinance Rates: September 6, 2022—Current Refinance Rates Inch Down
Source: Forbes --- The rate on a 30-year fixed refinance decreased today. The average rate on a 30-year fixed mortgage refinance is 6.04%, according to Bankrate.com, while the average rate on a 15-year mortgage refinance is 5.22%. On a 20-year mortgage refinance, the...
Mortgage Rates in September: A Smooth Ride, Then Turbulence
Source: Nerd Wallet --- September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That's because the Federal Reserve will...
‘Sugar Hit’: Banks Benefit As Savings Rate Rises Lag Mortgages
Source: News AZI --- Macquarie analyst Victor German last week said deposit pricing was giving banks a “sugar hit,” at the same time as loan growth in their mortgage businesses slowed. “In the short term, banks continue to benefit from highly lucrative retail deposit...
