U.S. Housing Market
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Wendy’s to Close Hundreds of US Restaurants
This is the second time in a year that Wendy’s began closing scores of restaurants. Continue Reading Wendy’s to Close Hundreds of US Restaurants
Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
Roughly two-thirds (67%) of baby boomer homeowners have lived in their home for 16-plus years. Continue Reading Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
Single-Family Housing Starts Inch Up, Permits in Decline
Single-family authorizations in May were at a rate of 898,000, a 2.7% below the revised April figure of 923,000. Continue Reading Single-Family Housing Starts Inch Up, Permits in Decline
Mortgage Application Activity Down by 2.6%
The refinance share of mortgage activity increased to 37.3% of total applications from 36.7% in the previous week. Continue Reading Mortgage Application Activity Down by 2.6%
Despite cooling US housing market, Florida still top spot for Americans looking to move: study
Source: Fox Business --- Nearly 25% of U.S. homebuyers are looking to move out of their current metro areas, with many people turning their attention to cities in Florida as their next place to call home, according to a new study. "The U.S. housing market has cooled...
As U.S. home prices fall, an alarming number of buyers are underwater
Source: CBS News --- Surging mortgage rates aren't just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it's worth, according to a new analysis. Some 250,000 people who...
More Builders are Cutting Prices and Offering Incentives – But Not at 2008 Levels
Source: NAHB --- As the housing market has slowed rapidly over the past several months, builders have increasingly been reducing prices and offering special sales incentives – but nowhere near the same rate as during the 2007-2008 Great Recession when the housing...
‘The coldest winter’; Rising interest rates cool off Bay Area real estate market
Source: CBS News --- SAN MATEO -- The pendulum is shifting in what many have described as a 'roller coaster' real estate market. Sellers are no longer in the driver's seat, and buyers have the edge. But that doesn't mean the market is favorable for buyers right now,...
US home prices will post first year-over-year decline in decade in 2023: experts
Source: New York Post --- The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real estate firm Redfin. The median US home sale price is projected to...
What’s happening with the housing market? Mortgage rates, home prices and affordability
Source: USA Today --- Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the average...
Here’s how many Americans think US housing market is heading for a ‘crash’
Source: New York Post --- A significant portion of Americans fear the once-booming housing market is headed for a significant crash in the months ahead, recent survey results from LendingTree showed. According to the survey, 41% of Americans expect the housing market...
‘We’re Not In A Frenzy Anymore,’ Real Estate Agent Says Amid Home Sellers Pulling Properties Off The Market
Source: Yahoo! --- According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest. During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold,...
Tips for Starting Over in a New City
A fresh start can be refreshing, especially after a low point in your life. It may feel like you're carrying the world's weight on your shoulders, but starting over in a new city can help you leave all that behind. 3 Tips for Starting Over in a New City Starting with...
December Mortgage Rates May Seek Calm After Turbulent Year
Source: NerdWallet --- December mortgage rates forecast Interest rates on fixed-rate mortgages could stabilize or even drift lower in December. Lower mortgage rates would be a welcome respite to conclude a tumultuous year in which rising rates strained people's...
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