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The Battle of Housing Costs: Cities Where Renters & Owners Have it Better
Source: Point2Homes --- Canadian homeowners spend 24% (or almost $300) more than renters on monthly shelter costs. Major Ontario cities boast the most expensive housing costs: Homeowners in 9 cities (including Toronto, Brampton and Markham) pay more than $2,000 a...
How Long Do Californians Stay in Their Homes Before Selling?
Source: Point2Homes --- Key Highlights: California’s 30 largest cities posted significant differences in homeowner tenure in 2022: Salinas residents spent 9.3 years in their home before selling it, while owners in Elk Grove who changed homes did so after just 2.3...
Chinese balloon prompts worries over foreign-owned farms in Utah, other states
Source: The Salt Lake Tribune --- Harlowton, Mont. • Near the banks of Montana’s Musselshell River, cattle rancher Michael Miller saw a large, white orb above the town of Harlowton last week, a day before U.S. officials revealed they were tracking a suspected Chinese...
St. George’s growth and progress depends on water, mayor says at State of the City address
Source: The Salt Lake Tribune --- St. George • As far as southern Utah’s largest city has come, its future growth and progress is largely dependent on water, St. George Mayor Michele Randall said Tuesday during her State of the City address. Speaking to an overflow...
eMortgage, CRM, Cybersecurity, Analytics, Compliance Tools; More Correspondents Exiting, Lender and Investor Updates
Source: Mortgage News Daily --- “Where can you always find money? In the dictionary.” Plenty of lenders and finding the money to buy other companies while smaller ones are looking for the right buyer. Eat or be eaten seems to be the name of the game as lenders hungry...
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports
Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to 17 percent, just above the 15-year...
