U.S. Housing Market
Florida Home Sales and Prices Down for July
The statewide median sales price for single-family existing homes in July was $410,000, down 1.7% compared to one year before. Continue Reading Florida Home Sales and Prices Down for July
Pennsylvania Housing Inventory Hits 3-Year High
The median home price rose 6.5% year-over-year to $320,000 in July. Continue Reading Pennsylvania Housing Inventory Hits 3-Year High
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
“With the last few years, everything going on, I really got super hyper-focused,” El Moussa said. Continue Reading HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
Mortgage Forbearance Levels Down Slightly in March
The five states with the highest share of loans that were current as a percent of servicing portfolio are Washington, Idaho, Alaska, Oregon, and Colorado. Continue Reading Mortgage Forbearance Levels Down Slightly in March
FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
The messages were all posted to Pulte’s personal X account, which he has used exclusively for communications purposes since becoming appointed as FHFA director. Continue Reading FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
What Buyers Need To Consider in The Current Housing Market
Source: WRAL News --- The winds have turned on the US housing market. Sellers listed 24% fewer homes in October compared to 2021, according to data from Zillow. Fewer people are buying houses though, sales dropping 17% below the pre-pandemic estimates in 2019. After...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our lives where we...
What the Fed’s December rate hike means for homebuyers and sellers
Source: Fortune --- The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Jerome Powell announced a half-point increase in the federal funds rate Dec. 14, which is down from the...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our lives where we...
2022 – What just happened?
Source: MPA Mag --- How would you sum up the year in a paragraph, or even in one sentence? And what’s your outlook for 2023? How will high rates impact your business? These are just a few of the questions Mortgage Professional America (MPA) posed to mortgage experts...
Trump’s Billionaire Neighbor Warned The Economy Was In An ‘Omnibubble,’ He Was Right
Source: Yahoo! Life --- According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset...
5 US Real Estate Predictions for 2023
Source: The Street --- Shakespeare had it right when he said, “I’ll give a thousand furlongs of open sea for an acre of barren ground.” U.S. homebuyers know exactly where the Bard of Avon was coming from on the real estate front. In 2022, many buyers were locked out...
Home buyers get some relief as mortgage rates come off 7% highs
Source: Los Angeles Times --- In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates are...
Mortgage rates fall for the sixth week in a row
Source: Yahoo! News --- Mortgage rates dropped for the sixth straight week, but housing activity remained muted going into the holidays. The rate for the average 30-year fixed mortgage slipped to 6.27% from 6.31% the week prior, according to Freddie Mac. Rates have...
Housing Market Supply Is Keeping Prices From Crashing
Source: Newsweek --- Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors (NAR)...
