U.S. Housing Market
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
California Home Sales at Highest Level Since February
The statewide median home price ticked up 0.4% from $883,640 in September to $886,960 in October. Continue Reading California Home Sales at Highest Level Since February
Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
Lopez and Affleck, who married in July 2022, acquired the 38,000-square-foot estate in May 2023 for $60.8 million. Continue Reading Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
$3.48 Million LA Home Now Available for Cryptocurrency Purchase
The 4,545-square foot residence within the 0.44-acre property is within a 24/7 guard-gated and patrolled community. Continue Reading $3.48 Million LA Home Now Available for Cryptocurrency Purchase
Mortgage Rates Decline for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.67% as of July 3. Continue Reading Mortgage Rates Decline for Fifth Straight Week
419 MoneyWise ‘We saved probably close to $100K’: Affluent Americans are snatching up prime real estate in other parts of the world — as the US housing market slumps. Here’s how to do it too
Source: Yahoo! Life --- Laetitia Laurent knows the value of looking far and wide for a good deal. The Florida-based business owner and her husband had been hunting for a second home for five years before snagging an incredible bargain — in Paris. She made an offer in...
US housing market seeing ‘meaningful’ damage that’s ‘not normal,’ CEO of investment firm warns
Source: Fox Business --- The U.S. housing market is in for a rough year, according to the CEO of one private equity investment firm. "In 23' it's going to be slow. I think we're going to have a tough row to hoe. I think that coming in the next year, you're really...
Understanding the Pandemic’s Lasting Impact on Real Estate
Source: Kellogg Insight --- Real estate markets tend to be cyclical, moving through distinct phases. Under ordinary times, this would give economists some sense of where the sector is headed next. But three years into a global pandemic that radically changed how—and...
When Will the Housing Market Crash?
Source: US News --- Any period of economic uncertainty can make a major financial decision, like buying a house, more stressful. Even times of economic confidence can seem like the perfect time for the bottom to fall out, and you don’t want your home to be collateral...
US home prices slide in November for fifth straight month
Source: Fox Business --- Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023
Source: ABC 5 News Cleveland --- CLEVELAND — It is no secret that Cleveland rocks. Just ask anyone who lives here. But our hometown is in the national spotlight earning top marks when it comes to the real estate market and people looking to buy a home. Real estate...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
Source: Bankrate --- Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast on...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
What is TRID in real estate?
Source: Bankrate --- Buying a home is a lot of things: exciting, daunting, anxiety-inducing. But there’s one thing it’s usually not: easy. That’s particularly true if you need to finance your purchase with a mortgage. Getting a handle on home-loan jargon can feel a...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
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