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The housing market, at last, appears to be cooling off
Source: The Washington Post --- After a stunning rise in home prices enriched sellers and keyed upbuyers into frantic bidding wars, there are signs that the U.S. housing market is starting to cool amid a surge of new inventory and higher interest rates. “For sale”...
6 of the 10 housing markets in America most vulnerable to a downturn are in this state
Source: MarketWatch --- Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report — which looked at the highest concentrations of the most at-risk markets in the first quarter of 2022 — released by ATTOM, a real...
Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget
Source: CNBC --- Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained Danielle...
Mortgage applications slip for second consecutive week
Source: Fox Business --- Mortgage applications have fallen for a second consecutive week as homebuyers' fears of a potential recession continue to grow. For the week ending July 1, the Mortgage Bankers Association reported a 5.4% decrease in mortgage applications...
6 WAYS TO OVERCOME YOUR REAL ESTATE FARMING CHALLENGES
Source: RisMedia --- Real estate farming seems straightforward at first. If you can stay on top of outreach tasks, then you’ll be successful—right? How hard can it be to regularly send postcards and call prospects? The truth is a little more complicated. All the tasks...
The big risks in buying a house sight unseen
Source: CNBC --- In many areas of the country, homes continue to sell even as rising mortgage rates, high prices and recessionary concerns filter through economy. During the recent real estate boom, the urgency many would-be buyers have felt to act means making an...
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