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OPINION: Help available for Cherokee homeowners facing hardship due to pandemic
Source: Cherokee Phoenix --- All families deserve to live in safety and dignity, without fear of losing their homes. During the economic uncertainty caused by the COVID-19 pandemic, some Cherokee homeowners fell behind on their mortgages or slipped into financial...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Source: Market Scale --- Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below 5%...
Thinking of Buying? These Cities Are Among the Fastest-Cooling Housing Markets in the Country
Source: The Motley Fool --- As potential home buyers think twice about whether now is the right time to buy, sellers in some areas are dropping their prices. The red-hot housing market ushered in by the pandemic is now cooling. And according to Redfin, the areas of...
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits
Source: Yahoo Finance --- Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead to...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money
Source: USA Today --- Put aside the idea that you must own a home. I'm convinced that a group of real estate agents or builders' organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream. Last month, my...
A lighthouse, a log cabin, and a schoolhouse: These quirky home listings cost less than the average home in the U.S.
Source: Fortune --- While the housing market is contracting and mortgage rates are jumping, the average home in the U.S. still cost over $440,000 in the second quarter of 2022, according to the St. Louis Fed. That’s not cheap—and homes that have their own unique look...
