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Mortgage Rates Hold Mostly Steady at Recent Lows
Source: Mortgage News Daily --- Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender. That was the lowest since June 8th, just before the fateful CPI inflation data that kicked off a run to the highest rates in...
Mortgage Rates May Stay on the Up Escalator in July
Source: Nerdwallet --- July mortgage rates forecast Mortgage rates are likely to rise in July, extending a seven-month streak. High inflation, and the Federal Reserve's efforts to control it, have driven mortgage rates upward. The same factors may push them even...
Is Homeownership Still the American Dream?
Source: Keeping Current Matters --- Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many...
Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk
Source: Redfin --- Many pandemic homebuyers purchased vacation homes, which are frequently vulnerable to natural disasters. In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a Redfin...
CoreLogic: Another big home-price increase in May, but slowdowns are coming
Source: Scotsman Guide --- CoreLogic’s latest Home Price Insights (HPI) report revealed that home prices nationwide, including distressed sales, rose 20.2% year over year in May — a still-strong annual jump, but one that’s likely to precede a period of slowing price...
A new kind of South Temple conversion: Office tower will be turned into apartments
Source: Salt Lake Tribune --- As downtown Salt Lake City’s boom in residential construction rolls ahead, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments. Hines, a global real estate company based...
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