U.S. Housing Market
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Report: Fewer Home Purchase Loans During Q1
ATTOM found the total dollar value of loans was down by 18% to $478 billion. Continue Reading Report: Fewer Home Purchase Loans During Q1
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
Park Lamont and The Lumos were completed in 2024. Continue Reading Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
Elevate Community, a Missouri Tiny Home Development, Receives First Residences
The new development recently marked the arrival of the first six tiny homes and more than $5 million in public and private funding to start construction. Continue Reading Elevate Community, a Missouri Tiny Home Development, Receives First Residences
Mortgage Rates Rise Beyond 7% Barrier
Source: U.S. News --- Mortgage rates surged above the 7% threshold for the 30-year fixed mortgage term this week, according to Freddie Mac. This is the first time that average rates have entered 7% territory since early 2002. Interest rates also rose for the 15-year...
Why Mortgage Rates Could Hold Steady After the Federal Reserve’s 0.75% Rate Hike
Source: Time --- The Federal Reserve once again hiked its benchmark interest rate this week, a fourth consecutive increase of 75 basis points. What does that mean for mortgage rates, which are already above 7% for the first time in 20 years? Maybe not much. “What’s...
The Housing Market is Fragile: Downside as Real Estate Prices Fall
Source: Speculators Anonymous --- Many longtime readers know that I’ve been very critical of the housing market after the massive boom in real estate prices post-COVID. And as we learned from the underrated Austrian economist – Ludwig Von Mises – the bigger the...
5 Ways the Cooling Housing Market Is Helping Buyers
Source: The Motley Fool --- For the first time since March 2021, the average home is selling below the asking price. In fact, prices have fallen by 6% since June. As the market cools, home buyers savvy enough to hang in there may be the ones to benefit. If you're in...
Homebuilders say they’re on the edge of a steeper downturn as buyers pull back
Source: CNBC --- The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. Fast-rising mortgage rates have caused once-frenzied homebuyers to turn on their heels and become...
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks
Source: Forbes --- The housing market is rebalancing after the most competitive and frenetic period in recent memory. The cooling trend that is engulfing the market is expected to continue with more cities seeing home prices decline by this time next year as the shift...
Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why
Source: Fortune --- The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors,...
The Fed approves three-quarter-point rate hike
November 02, 2022 Federal Reserve issues FOMC statement -The Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent.- Press Release Recent indicators point to modest growth in spending and production. Job gains have been robust in...
Real estate consumers ‘got pretty spoiled’ from relatively low mortgage rates: Broker
Source: Yahoo!News --- My Southern View Broker Alyssa Hellman joins Yahoo Finance Live to discuss emerging housing markets, homebuyer responses to rising mortgage rates, and the outlook for demand in housing. Video Transcript [AUDIO LOGO] - Rising rates have led to...
Mortgage rates are at a 20-year high. Here’s what that means for monthly payments.
Source: ABCNews --- The spike in mortgage rates this week continues a monthslong trend that has dramatically escalated the cost of home loans - but the exact price hike may surprise some homebuyers. The 30-year fixed-rate mortgage leapt to 7.08% on Thursday, reaching...
