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Repeat After Me: The Fed Doesn’t Directly Hike/Cut Mortgage Rates
Source: Mortgage News Daily --- Some quick housekeeping before we dig into the headline: mortgage rates are slightly higher so far this week. The increases were in place on Monday. Tuesday started stronger, but most lenders pulled back to Monday's levels after bonds...
GET A LAND LOAN OR CONSTRUCTION LOAN: WHICH IS BEST?
Source: RisMedia --- Are you interested in building your own home? It is an exciting proposition because you get to pick and choose everything that goes into the process from the ground up. You don’t have to worry that a builder is going to tell you that you’re not...
Pandemic Homebuying Hotspots With Steep Price Increases Most Susceptible to Housing Downturn in a Recession
Source: Redfin --- Popular migration destinations where home prices soared during the pandemic–including Boise, ID, Phoenix and Tampa, FL–are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into...
Home price growth slowed for the second straight month in May, S&P Case-Shiller says
Source: CNBC --- Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage...
The No. 1 emerging real-estate market in America is also the RV capital of the world
Source: Marketwatch --- The pandemic spurred millions of Americans to abandon city life, fleeing to the ‘burbs. A new report highlights a novel destination for would-be homeowners to consider: The R.V. capital of the world. The Wall Street Journal/Realtor.com Emerging...
Housing Market Update: Homes Are Taking Longer to Sell
Source: Redfin --- Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling. The typical home sold during the four weeks...
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