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The Best Real Estate Returns Come After Recessions
Source: Institutional Investor --- Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors who stick with their real estate holdings — or invest...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
Almost 1,000 mortgage deals pulled as panic grips UK housing market
Source: The Guardian --- Almost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in the wake of Kwasi Kwarteng’s mini-budget. Moneyfacts, which monitors the sector, said 935 out of 3,596 mortgage products had...
2 Pros and Cons of Buying a Foreclosed Home
Source: The Motley Fool --- Although housing inventory has been opening up in the real estate market, there still aren't enough available properties for sale to meet buyer demand. If you've been house-hunting for months and have yet to have success, you may be at the...
4 Things to Know About Buying a House With a Recession Looming, According to Experts
Source: Apartment Therapy --- When you hear the phrase “looming recession,” your initial reaction may be to freeze your spending — especially if you’re still haunted by the last economic downturn in which a housing boom and bust led to a subprime mortgage meltdown....
Why are house prices so high? Blame remote work, not ‘speculative bubble,’ Fed study says
Source: KSL --- SALT LAKE CITY — The sudden shift to remote work amid COVID-19 drove more than half of overall U.S. housing price growth during the pandemic — and as it becomes more embedded in our day-to-day life, it's likely to continue to drive up home prices as...
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