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California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
Inflation’s finally easing. Why that’s a good sign for the real estate sector this year
Source: USA Today --- Soaring inflation in the U.S. has rocked the stock market for the last 12 months. The COVID-19 pandemic triggered the largest stimulus response in history from the Federal Reserve and the government during 2020 and 2021, and it's almost...
With Rising Interest Rates, Do Adjustable Rate Mortgages Make Sense?
Source: Albany Herald --- As rates on traditional mortgages have risen, a growing number of home buyers are turning to adjustable rate loans in order to save a few dollars. But do buyers risk getting hit with significant increases when that lock expires? Don't let...
Five ways to reduce your mortgage repayments in 2023 – and why rates have risen so high
Source: The Conversation --- Around 4 million UK households will face higher mortgage costs in 2023 with average monthly payments expected to increase from £750 to £1,000. Banks’ lending rates are directly influenced by the Bank of England’s base rate, which rose nine...
Real Estate Rebound: Demand for New Mortgages Jumps 28% in One Week
Source: Yahoo Finance --- The U.S. housing market’s topsy-turvy ride shows no sign of letup in the new year, as mortgage applications rose sharply last week despite fears that home sales will keep sinking in 2023. Mortgage applications for the week ending Jan. 13,...
‘Housing will remain weak throughout the winter,’ economist says
Source: The Salem News --- There is one troubling word that Freddie Mac's chief economist Sam Khater uses to describe the winter 2023 housing market: weak. "The housing market remains in the doldrums with declining sales, inventory and prices," Khater said in a...
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