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American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago
Source:Bloomberg --- Finding a home to buy is only the first struggle. Then there’s paying the mortgage. That’s become increasingly challenging, with the average American monthly mortgage payment rising to the highest level ever. It’s now $1,230 per month for...
Skilled labor is returning to homebuilding
Source: Housing Wire --- After mixed results in January, the U.S. jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. As a result the...
Gender plays role during Raleigh’s real estate boom, data shows
Source: WRAL --- RALEIGH, N.C. — Kellie Corwin bought her Raleigh home last summer. "It was stressful," Corwin said. She and her partner were renting the home when they began their housing search. After opportunities fell through, they talked to their landlord and...
Why So Many People Became Real Estate Agents in the Pandemic
Source: The New York Times --- In March 2020 when the pandemic hit, the restaurant where Amy Bieganek was working as a waitress announced a temporary closure. By August, it turned into a permanent one. Unemployment was a shock for Ms. Bieganek, 53, who had been...
Macau Residential Buyers Taking a Wait and See Attitude
Source: World Property Journal --- Global property consultant JLL reports that due to repeated epidemics, economic downturns and high unemployment rate in Macau in 2021, property demand decreased as most of the potential buyers tended to wait and see. Coupled with the...
Texas mortgage assistance program opens for statewide applications
Source: KERA News --- State officials have rolled out a "Texas Homeowner Assistance Fund" that is designed to help homeowners who’ve fallen behind on mortgage payments and other housing costs during the pandemic. The program has about $700 million in federal funds...
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