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Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
‘Unhealthy and unsustainable’: Homebuyers aren’t buying and homebuilders aren’t building in the face of untamed mortgage rates
Source: MSN --- U.S. mortgage rates crept up once again this week as demand for home loans tumbled, according to a pair of widely followed reports. Buyers and sellers are increasingly on edge as the average 30-year fixed mortgage rate — now more than double what it...
Spicer Mansion goes for less than $3.1 million in second auction
Source: The Day --- Mystic ― A Guilford-based entity holding mortgages on Spicer Mansion signed a contract Saturday to buy the hotel for $3,050,000 after submitting the winning bid in a public foreclosure sale. MMP Holdings LLC outbid Walter “Sonny” Glaser Jr., the...
Calgary experiencing record demand for multi-family living
Source: Calgary Herald --- Last month, Calgary saw 450 sales for condominium apartments, up 23 per cent from September last year. It was an all-time high for the month, eclipsing the previous record set in 2014 with 432 sales. Row also set a record last month with 327...
3 Signs You’re About to Make an Offer on the Wrong House
Source: The Motley Fool --- Today's housing market is a difficult one for buyers. Not only are home prices still sky-high, but real estate inventory is extremely limited. That means buyers are increasingly having to make compromises to purchase a place of their own....
Housing market: Existing home sales indicate the beginning of a correction
Source: Yahoo Finance --- BRIAN SOZZI: All right, from record home prices to record mortgage rates, 2022 has been a wild ride for the now ice-cold housing market. But could this pain be good for prospective homebuyers down the road? Yahoo! Finance Columnist Rick...
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