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Layoffs at local mortgage lender highlight changing housing market, impact of high interest rates
Source: News 5 Cleveland --- STRONGSVILLE, Ohio — Strongsville-based Union Home Mortgage has announced an unspecified number of layoffs this week, joining the roster of other large mortgage lenders in recent days that have reduced their workforces amid declining...
The odds of a home price decline hitting your local housing market, as told by one interactive chart
Source: Fortune --- Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents. Historically speaking, that...
Tough-To-Crack Housing Market Has U.S. Buyers Eyeing Second Jobs
Source: Financial Advisor --- Would-be homeowners are getting creative — or you might say desperate — in how they plan to save for downpayments and purchase homes, according to a new survey. To afford a house, many Americans would consider taking a second job,...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.
Source: Redfin --- Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock in....
Blazing Your Own Trail
Source: Scotsman Guide --- Securing a mortgage for commercial real estate can be a complex and time-consuming process. It is challenging for borrowers who need financing for their projects to decide whether to use the capital-markets team offered by the same company...
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
Source: Construction Dive --- A recent lien law change in Texas makes a complex process easier and brings it closer to those in other jurisdictions, but local bottlenecks still loom, according to industry sources. “I think the legislature was trying to simplify things...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 3-7- NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout
- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
